Insight
Coronavirus: impact on US gas markets (19 June update)
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Report summary
Summer gas burns are increasing and the economy is re-opening. However, on a weather normalized basis and despite extremely low gas prices incentivizing economic coal-to-gas switching, gas burns are still under performing. Industrial demand continues it gradual recovery, but has not recovered to 2019 levels yet. While refinery, chemicals, oil & gas extraction and metals sector demand are still recovering, the fertilizer sector has been resilient during the coronavirus pandemic. Will the pace of US gas demand recovery pick up? We will continue to monitor, refresh and expand our prior insight as noteworthy changes occur.
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