Friday, 18 May 2007

Nymex Gas Rises as Warmer-Than-Normal Summer Weather to Boost U.S. Demand

(Bloomberg) -- Natural gas in New York rose as power
generators locked in supplies in anticipation that hot summer
weather will increase electricity demand to run air conditioners.

Most of the U.S. is forecast to have warmer-than-average
weather from June to August, the Climate Prediction Center said
yesterday. La Nina conditions may affect U.S. weather patterns
later this year, the center said. A La Nina occurs when ocean
temperatures cool below normal, and it can alter conditions
around the globe.


Read more at Bloomberg Energy News

No comments: