The prospect of a natural gas glut this winter has sent U.S. natural gas prices crashing, leading another investment bank to slash its price forecast for the fourth quarter, this time by 50 cents. Bank of America Merrill Lynch Global Research analysts said a multitude of nega- tive micro dynamics have overtaken the domestic gas market, led by excessively high inventories and continued strong pro- duction, along with softer-than-anticipated industrial demand and mild weather.
展开▼
