Insight
Coronavirus: impact on US gas markets (22 May update)
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Report summary
Demand recovery begins with gradual re-opening of the economy US domestic gas demand is still impacted by coronavirus “lockdowns” and social distancing measures. However, with the gradual re-opening of the economy, US gas demand losses are either stabilizing or starting to recover. Actualized power loads are no longer deviating from day ahead forecasts despite at seasonal low point Industrial demand losses have bottomed and key indicator utilization rates continue to increase Nevertheless, over 3 bcfd of demand loss is expected across 2Q-3Q 2020 What will be the pace of US gas demand recovery? We will continue to monitor, refresh and expand our prior insight as noteworthy changes occur.
Table of contents
- Demand recovery begins with gradual re-opening of the economy
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