Nuclear outages bolster gas price outlook

05/19/2003
Problems with nuclear power plants are proving to be a wild card in the outlook for North American natural gas markets.That trend echoes a wild card in oil markets within the past year, at the time adding another bullish factor to an oil market already overloaded with them.Nuclear power plants in Japan in the past year developed cracks and possible leaks in reactors. The resulting string of shutdowns has added as much as 300,000 b/d to Asian oil demand at times in the interim, as utilities switched to residual fuel oil to meet power demand needs in Japan.US reactor woesUS natural gas futures prices logged their biggest 1-day jump in 3 months May 5 on the heels of a report by the Nuclear R...
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