Contractors are feeling a squeeze as Australia’s producers look to cut costs. But the reductions could be risking the industry’s future.
GGA Chief Energy Analyst Peter Stewart spoke at the IEA last week on the interaction between oil and gas prices. These are the main points of his speech to the standing committee on oil markets.
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The Henry Hub front-month futures price has reached its highest level so far in 2016 as gas demand rises in the United States power sector. There will be further upside to the price in the coming weeks as air-conditioning demand in the country gathers pace.