Commodity Market Report
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.
Table of contents
-
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
-
Northeast basis
Tables and charts
This report includes 11 images and tables including:
- Key supply metrics and indicators
- Lower 48 Dry Gas Production by Unconventional Play
- Short term price outlook
- Henry Hub price outlook
- US supply-demand outlook (bcfd)
- SD imbalance is about .3 bcfd looser than normal
- US storage inventories (bcf)
- Demand: Image 1
- Canada supply-demand outlook (bcfd)
- Forecasted Coal Deliveries
- Northeast supply vs demand, storage and exit capacity
What's included
This report contains:
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