Hey, so I know I ranted about the conundrum of strong gasoline prices versus weak demand earlier in the year (in From Target to Twitter to Tanks and 2 Bugbears, 5 Reasons, 1 Reality), but I felt it worth revisiting this proposition because although gas prices have fallen, demand still remains weak. So here are ten reasons to explain why gasoline demand is in a structural decline: » read more
Posts Tagged ‘gas prices’
Happy Nonfarm Friday! And wowee, all is not well in Energyland™, as the negatives stack up against crude to topple it to a seven-month low. Swelling inventories, Euro economic woes, and an unrelenting onslaught of poor economic data releases have sent crude spiralling lower. A swift reversal in sentiment and price has also been experienced by natural gas, as evidence of continued strong supply finally turns naysayers into bears. Enough for now, time to chow.
It is with a hint of bemusement and a pinch of pride that I introduce you to the 100th edition of Burrito bites. Not quite sure how it got to this milestone…but welcome!
And it’s been another corker of a week in Commodityland™, as crude has been pressured lower by France joining the choir for a release from emergency oil stockpiles, before supply loss fears from Iran have rebutted a price fall once more. As for natural gas, it has hovered around the middle of the $2.20 – $2.40 range it has held for most of the month as an early start to injection season for storage has kept prices anchored close to the shores of 10-year lows. But that’s enough for now, let’s hit the chow! » read more
Top of the morning (…afternoon or evening) to you! As the shot clock of the working week ticks down, it has been another typical week for natural gas – warmer weather (= weak demand) and strong supply pressuring it to a new 10-year low. As for crude, all has been quiet on the Iranian front, leaving prices to trade broadly sideways as economic data has been supportive for the most part, while subdued demand in the US provides little reason for a rally. As time allows, let’s hit the chow: » read more
Happy Nonfarm Friday! As we charge into mid-March and spring towards, err, spring, natural gas sees the end of withdrawal season appearing in the distance. This is greasing the way for new 10-year lows, as supply is strong, storage is strong, temperatures are strong…and demand is weak. » read more