Gas price takes a tumble

October 2006
Utility Week;10/13/2006, Vol. 26 Issue 5, p16
Trade Publication
The article provides information on the performance of the gas industry. Massive oversupply of gas at the start of the gas "new year" on October 1, 2006 led to short-term prices going negative. There are mixed signals for future gas prices. Producers may reduce output in response to current excess supply, while demand is expected to rise when clocks across Europe go forward and trigger heating schedules at the end of October 2006.


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