Unless otherwise indicated, the material below has not been prepared by Van Eck Associates Corporation or HardAssetsInvestor.com.
Neither assumes any liability for any content on a third-party website or material prepared by a third party.
HardAssetsInvestor
- ENERGY
- PRECIOUS METALS
- BASE METALS
- AGRICULTURAL
- SOFTS
- Alternative Energy
- STRATEGIC/RARE EARTH METALS
MOST POPULAR ARTICLES
-
Short-Term Gold Bull Case Gains Strength Amid ETF Stabilization, Reaction To Jobs Data Will Be Telling
-
The Commodity Investor: China Becoming Most Important Factor In Global Gold Markets
-
The Commodity Investor: Industrial Uses Driving Platinum & Palladium’s Outperformance Over Monetized Gold & Silver
-
World Gold Council's Artigas: Expanding Gold Holdings Could Add Huge Demand, Mine Production Stagnant
-
NatGas Prices Plunge 4%, At Risk Of Breakdown After Huge Inventory Build
***Top stories from the last 15 days
- Written by Sumit Roy |
- October 18, 2012
Natural Gas Nears $3.60 Again As Inventory Surplus Dwindles & Rig Count Decline Continues
- Details
We examine the latest developments in the natural gas market.
Natural gas prices rose after the Energy Information Administration reported that operators injected 51 billion cubic feet into storage last week, within the 46 to 53 bcf range most analysts were expecting.
The injection was below the year-ago and five-year-average builds of 103 bcf and 74 bcf, respectively.
In turn, inventories now stand at 3776 bcf, which is 152 bcf above the year-ago level and 260 bcf above the five-year average (calculated using a slightly different methodology than the EIA).
Meanwhile, Enerdata reported that Canadian natural gas inventories rose by 3 bcf last week to 713 bcf—a record high. Inventories in the country are now 60 bcf and 88 bcf above the year-ago and five-year average levels, respectively.
- Prev
- 1
- 2
- | Full Article |
- Next >>
- Market Wrap: Gold Falls Sharply Ahead Of Fed Decision; Oil Rises Back Near Multimonth Highs
- Morning Call: Gold & Silver Fall As Fed Countdown Begins, Inflation Remains Low; Oil & Gas Advance
- Contango Report: Corn Roll Yields Above 50%, But Attractive Returns Far From A Given
- Market Wrap: Gold Retreats After After SocGen Calls For Plunge To $1,200; Oil Steadies Amid Middle East Conflict
- Morning Call: Gold To Sink To $1,200 By Year-End Says SocGen; Oil At Multimonth Highs Amid Syria Tensions
