The steep decline in natural gas prices doesn't appear to have any short-term fixes on the horizon. Prices slipped below the $2 mark yesterday for the first time in more than 10 years, and many analysts say prices could go even lower through the summer. Now you can add Goldman Sachs to that camp.
Goldman Sachs is lowering its forecast for natural gas prices on an unexpected surge in production. The revision sees Q3 prices at $3.85/mmBtu and Q4 at $4.25/mmBtu, from a previous estimate of $4.50/mmBtu for both. Analysts Damien ... Read Post
Natural gas prices plunged on new inventory data. February 2012 natural gas contracts declined 3.2% in value. Prices touched as low as $3.001 per million British thermal units during the day, before rebounding slightly. Natural gas ... Read Post
Oil prices have crashed since the summer. But oil price volatility is not new. Indeed, the price of WTI crude surged by 5% today alone. In a new note to clients, Goldman Sachs analysts offer this cool annotated chart of the history ... Read Post