Rakesh Shankar
Rakesh Shankar
average colder fears few market next return weather
There are some fears now in the natural-gas market of a return to colder than average weather for the next few weeks.
bring capacity driving force gasoline higher increased prices reliance risk summer time unable
There is a real risk that U.S. refineries will be unable to sufficiently bring back capacity in time for the summer driving season. This will force increased reliance on gasoline imports, and higher prices for consumers.
above along boost crude demand despite expected freak gas heat helped led natural near oil prices record spike stay texas warmer wave
The possibility of a warmer than expected summer, along with a spike in crude oil prices and a freak heat wave in Texas that led to a surge in demand for natural gas all helped boost natural gas futures prices to well above $8 this week. Prices look to stay there in the near term, despite the record inventories.