VERONA, WI -- (Marketwire) -- 05/06/11 -- Natural gas prices plunged yesterday with the majority of the price move down occurring after the release of the weekly storage report. 'The injection of 72 Bcf for the week ending April 29, 2011, was within the range of expectations, but the June 2011 natural gas NYMEX contract still fell by more than $.30 per MMBtu,' says Valerie Wood, President of Energy Solutions, Inc. 'This supports our outlook that the recent rally was being driven by speculators and not an underlying change in supply and demand.'
Price weakness stretched across numerous commodities with the front-month crude oil NYMEX contract falling to below $100 per barrel for the first time since March 17. Significant price declines in both crude oil and natural gas prompted Energy Solutions, Inc. to release a Natural Gas Price Alert, an informational update that is issued when there has been or there is expected to be a significant change in natural gas prices.
Click here to view Natural Gas Price Alert (http://www.energysolutionsinc.com/ace-files/the-advisor/pricing_alert_05-06-11_t.pdf)
Many commercial and industrial natural gas buyers don't have the time or resources to consistently monitor the natural gas market for buying opportunities, but missing an opportunity can be costly. Natural Gas Pricing Alerts provide buyers with a 'heads-up' that now may be the time to evaluate their natural gas risk management strategy. 'It is our job to bring price moves to businesses, and Natural Gas Pricing Alerts is just one way we accomplish that task,' says Wood.
Energy Solutions, Inc. is a natural gas consulting firm that works directly with companies seeking to gain better control of their natural gas expenditures. They identify the risks and rewards of future natural gas purchases, assist in the development and implementation of risk management strategies, consistently monitor market conditions on behalf of their clients, review invoices, evaluate pipeline basis buying opportunities, and much more.
About Energy Solutions, Inc.
Formed in 1996, Energy Solutions, Inc. is independently owned. With more than 50 years of experience in the natural gas industry, our team focuses on natural gas prices and in helping businesses improve their internal processes for the purchase of natural gas.