Goldman Remains Bearish on NatGas Despite Colder Winter Forecasts
Mild weather across the Lower 48 has capped natural gas demand, keeping futures locked in a bearish sideways trend, unable to breach the $3 per million British thermal units level. Goldman's Thomas Evans published a note on Monday about the US NatGas market, pointing out that October's unusually warm weather in the Lower 48 has led to the third-lowest Heating Degree Days (HDDs) for October since 1963. "The big picture since the start of last week is that not much has changed except that we've rolled... Читать дальше...