• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    market news

    North American Gas Prices Not Reacting to Depleted Stores

    Teresa Matich
    Apr. 08, 2014 10:25AM PST
    Oil and Gas Investing

    Jeffrey Jones of the Globe and Mail reported that gas prices on the NYMEX prices are only 14% above last years levels despite drastically reduced inventories following an especially harsh winter season. Forecasters are wondering why prices are not rising more given the need to replenish stockpiles, according to the Globe.

    Jeffrey Jones of the Globe and Mail reported that gas prices on the NYMEX are only up about 14% from last year’s levels despite drastically reduced inventories following an especially harsh winter season. Forecasters are wondering why prices have not climbed more given the need to replenish stockpiles, according to the Globe.

    As quoted in the publication:

    Sustained prices at today’s levels or higher are required for power generators to reduce demand by switching to coal, allowing some of that gas supply to be redirected to storage, he said. Today’s markets are still not strong enough to lead producers to crank up dry-gas drilling following a years-long slump.

    FirstEnergy Capital Corp. analyst Martin King commented:

    Delusional and naive is the way that I would characterize the forward curve right now.

    It just seems to be sunshine, butterflies, puppies, kitties: ‘We’re going to grow our way out of this problem, don’t worry.’ I don’t think that’s going to be the case.

    Click here to read the full Globe and Mail article.

    gas supplymarket newsfirstenergy capital
    The Conversation (0)

    Go Deeper

    AI Powered

    Natural Gas Advances on Revised Forecasts of Cooler Weather

    Natural Gas Prices to Stay Low as Storage Levels Rise

    Latest News

    VVC - Purchase of Ithaca 1-17 Well and 5 Mile Pipeline

    CHARBONE Hydrogen Successfully Completes the Dismantling of Hydrogen Equipment in Quebec and Announces the Arrival of the Main Components in Sorel-Tracy

    CHARBONE Hydrogene complete avec succes le demantelement des equipements d'hydrogene a Quebec et annonce l'arrivee des principales composantes a Sorel-Tracy

    Alvopetro Announces September 2025 Sales Volumes, Quarterly Natural Gas Price Update, Non-Core Disposition and Western Canadian Expansion

    Angkor Resources Completes First Onshore Seismic Program in Cambodia; Vanderbilt Report Publishes Coverage

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES