Arlington, Virginia – August 26, 2016 – EVA has released its monthly forecast of the U.S. natural gas markets with related prices for the month of August. With Summer coming to its conclusion for the year, the future uncertainties confronting the near-term natural gas markets include the range of potential Winter weather outcomes and a series of infrastructure events that are anticipated to occur. Weather is always a key uncertainty in the gas markets that understandably has a high visibility given its impacts on consumption, at time production, and therefore prices. Less visible events and trends include infrastructure events that have a material effect on the outlook which EVA is following includes infrastructure events—the timing and net impact of which is subject to change. In addition, the relatively erratic U.S. production outlook is the result of declining onshore natural gas production that is being offset by ‘lumpy’ gains in offshore gas production and an increase in associated gas production arising from increased oil-directed drilling activity.
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