|
|
Enron Mail |
Title: Searching for the Bottom URL(s): http://www.cera.com/eprofile?u=35&;m=2929; *********************************************************************** GAS PRICES CONTINUE DOWNWARD DRIFT--HIGH STORAGE, LOW DEMAND While warm weather keeps heating loads low, the key driver in natural gas markets continues to be the looming storage surplus. Weather may provide some short-lived price spikes in February, but until real evidence of the anticipated decline in US supply appears, prices will feel continued downward pressure from record-high storage inventories. The projected February average price is $2.10 per MMBtu at the Henry Hub. * March storage inventories will end at record high levels. Ample gas remains to keep prices low until a rebounding economy and declining supplies can provide a lift. * With return to a normal weather, strong industrial loads will boost overall gas demand slightly over last year's levels. * Diminishing weather-related support and high western storage inventories will drive widening discounts to the Henry Hub in the western producing areas, while weak demand and high storage will limit premiums in the East. **end** Follow above ULR for complete CERA Monthly Briefing (7 printed pages). E-mail Category: Monthly Briefing CERA Knowledge Area(s): North American Gas ***************************************************************************************** CERAWeek2002 - February 11-15, 2002 - 21st Annual Executive Conference and Related Events REGISTER ONLINE TODAY AT: http://www.cera.com/ceraweek ** Two- and Four-day Passes Available ** Special Enrollment Programs ** Partnership Opportunities ** CERAWeek Online Premium Access ***************************************************************************************** To make changes to your cera.com profile go to: http://www.cera.com/client/updateaccount Forgot your username and password? Go to: http://www.cera.com/client/forgot This electronic message and attachments, if any, contain information from Cambridge Energy Research Associates, Inc. (CERA) which is confidential and may be privileged. Unauthorized disclosure, copying, distribution or use of the contents of this message or any attachments, in whole or in part, is strictly prohibited. Terms of Use: http://www.cera.com/tos Questions/Comments: webmaster@cera.com Copyright 2001. Cambridge Energy Research Associates
|