Insight
Coronavirus: impact on US gas markets (7 August update)
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Report summary
US domestic gas demand recovery from the coronavirus impacts continue. However, demand weakness especially in the industrial sector, have struggled to return back to normal. Schools will be back from summer vacation soon, with some going back to in person classes. However, with recent increases in the number of cases, a near-term return to “business as usual” is at risk. How will a second wave of coronavirus lockdown impact longer term North American gas markets? Wood Mackenzie has used its proprietary global oil and gas models to assess the implications of a second wave of large scale lockdown on oil and gas prices as a sensitivity case to our H1 2020 long-term outlook. This will be our final update but we will continue to monitor and communicate coronavirus related developments through our weekly and monthly short-term outlooks.
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