Natural gas price outlook robust through 2000

06/05/2000
The outlook for North American natural gas prices remains bullish for this summer and likely to the end of the year, after gas futures prices topped $4/MMbtu last week.Analysts expect price strength to continue, thanks to short supply due to lack of additional US production and strong demand, as utilities and marketers vie with new power generation capacity for gas supplies.Houston-based Raymond James & Associates Inc. had already forecast $4 gas in the third quarter and $4.30 gas in the fourth quarter. The fact that the New York Mercantile Exchange gas contract for June and the forward months have already surpassed the $4 level indicate "how extremely anticipatory that commodity markets ...
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