OGJ Newsletter

08/21/2000
Market MovementNatural gas prices-new floor at $3? Click here to enlarge imageUS natural gas prices are expected to sustain their current strong levels. In fact, industry can expect to see gas prices hover above a new floor throughout 2000 and into 2001, says PaineWebber (see chart).The analyst noted, "With continued triple-digit temperatures in the South- west and the on- slaught of humid conditions in the Northeast, natural gas prices moved higher last week."Beyond the spike in cooling load, other factors supporting the spot gas market are rallying crude prices, unplanned nuclear outages in the Northeast, the threat to Gulf of Mexico supplies from hurricane activity, and weaker hydroel...
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