2013 Price Forecasts Starting to Teeter as Market Assays December

摘要

Even with winter withdrawals from natural gas storage starting to gain steam, there is a growing sense that this winter's demand will not do enough to keep the spring carryout from depressing prices for another year. Investment banks Goldman Sachs and Raymond James both trimmed their 2013 gas price forecasts by 500 last week and the US Energy Information Administration's October production report confirms that US low-er-48 output is not rolling over despite the industry's best intentions.