OGJ Newsletter

12/09/2002
Market MovementNatural gas fundamentals improvingThe outlook for the 2003 North American natural gas market hinges on storage because flat-to-declining supply coupled with power generation demand should tighten the gas market, Houston-based Simmons & Co. International said. Click here to enlarge image"The US natural gas production treadmill is more visible than ever, and with a lethargic rig count that continues to show no signs of recovery in the near term, we believe that 2003 production will likely decline 1.5%," said David Pursell of Simmons & Co. (see table)."In fact, we forecast a market tight enough that industrial demand will not be able to grow, as the supply of natural gas wil...
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