Stay Connected

Surprise rally in gas prices

09/21/2009
By Sam Fletcher
A four-session natural gas rally from a 7-year low culminated with a 15% jump past $3/MMbtu Sept. 10—the largest 1-day gain in almost 5 years in the New York market. The October contract closed at $3.26/MMbtu, up 42.7¢ for the day on top of an earlier 35% surge through the three previous sessions.In Houston, analysts at Raymond James & Associates Inc. reported, "While most economic indicators are pointing towards a quicker-than-expected rebound from the recession (and consequential snap-back in industrial demand), with 8 weeks left in the injection season and [US gas] storage levels already at 3.4 tcf, a record high for this time of year, it is hard to see the move as ...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.