Commodity market report
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11 Pages

North America gas markets short-term outlook August 2015

North America gas markets short-term outlook August 2015

Report summary

For years now, increased competition between coal and gas power plants has reduced volatility in summer gas prices. The August natural gas futures contract averaged $2.81/mmbtu in the last 30 days before settlement. The range during that period was only 23 cents. Over the last 15 years, the next smallest trading range in the last month of an August contract was 41 cents in 2011.

What's included?

This report includes 12 file(s)

  • North America gas markets short-term outlook August 2015 PDF - 424.10 KB 11 Pages, 4 Tables, 7 Figures
  • Basis Outlook.xls XLS - 132.00 KB
  • Demand Detail.xls XLS - 2.40 MB
  • Industrial Index.xls XLS - 121.50 KB
  • LNG Detail.xls XLS - 230.50 KB
  • NGL Price Outlook.xls XLS - 106.00 KB
  • Northeast Takeaway Capacity.xls XLS - 458.50 KB
  • Power Demand Curve.xls XLS - 102.00 KB
  • Price Outlook.xls XLS - 140.00 KB
  • Storage Outlook.xls XLS - 142.50 KB
  • Supply Demand Balances.xls XLS - 313.50 KB
  • Supply Detail.xls XLS - 430.00 KB


Volatility in oil markets and the growth of unconventional gas supply have created a high degree of uncertainty about future gas demand and the direction of gas prices.

This Gas Markets Short Term Outlook report forecasts future pricing, based on deep analysis of gas supply and demand fundamentals. Additionally, it addresses complex questions on gas flows, identifies future opportunities and informs fuel purchasing strategies.

Participants and investors can use this short term outlook report to understand gas markets and assess the impact of global gas dynamics and key market drivers.

Wood Mackenzie provides detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • Executive summary
    • Could low oil prices signal upside to gas prices in 2016 and 2017?
  • Infrastructure
    • Storage
  • Supply
    • Supply details
  • Demand
    • Industrial
    • Economy
      • Power
  • Regional
    • Northeast basis
      • Northeast basis and production: storage means weakness for the balance of summer
      • 2016-’17: Latest well results suggest basis pressure will be more prolonged
    • Canada
    • Mexico

In this report there are 11 tables or charts, including:

  • Executive summary
    • Short term price outlook
    • Henry Hub price outlook
    • US supply-demand outlook (bcfd)
  • Infrastructure
    • SD imbalance is about .3 bcfd looser than normal
    • US storage inventories (bcf)
  • Supply
    • Key supply metrics and indicators
    • Lower 48 Dry Gas Production by Unconventional Play
  • Demand
    • Demand: Image 1
    • Forecasted Coal Deliveries
  • Regional
    • Northeast supply vs demand, storage and exit capacity
    • Canada supply-demand outlook (bcfd)
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