There are some fears now in the natural-gas market of a return to colder than average weather for the next few weeks.
More Quotes from Rakesh Shankar:
The recent cold snap seems more like a last hurrah for Old Man Winter, and with barely a few weeks left in the winter season, inventories for natural gas remain in near record territory. This will ensure that any price gains for natural gas in the aftermath of today's report will be limited.Rakesh Shankar
Inventories for this time of the year remain astoundingly above average.
Rakesh Shankar
Since these data are preliminary, it is quite possible that the Energy Information Administration data will also show gasoline demand fell in March and April when the revised monthly data are released.
Rakesh Shankar
Refinery utilization still remains very weak, with refineries still lagging in their recovery from an aggressive March maintenance schedule.
Rakesh Shankar
Inventories for this time of the year remain well above average, and in the upper end of the average range for this time of the year.
Rakesh Shankar
Sturdy product inventories should help to temper market fears of energy shortages, and should help cajole broader energy prices lower in the next few weeks.
Rakesh Shankar
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Based on Topics: Fear QuotesBased on Keywords: colder, natural-gas
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