With milder weather predicted in the weeks ahead, and some stabilization and modest recovery on the supply side, Henry Hub prices are not expected to recover much through the balance of the season despite very low weather-adjusted injections. Watch for average September and October prices of $2.60/mmbtu and $2.70/mmbtu, and a 3.89 tcf end-of-season inventory level. Despite recent producer guidance toward higher US gas production in 2017, some tightening in global LNG markets driven by steep declines in Chinese coal production means next year's Henry Hub price is expected to average about $3.75/mmbtu.
This report includes 12 file(s)
North America gas markets short-term outlook August 2016 PDF - 1.17 MB 20 Pages, 6 Tables, 9 Figures
Basis Outlook.xls XLS - 132.50 KB
Demand Detail.xls XLS - 670.00 KB
Industrial Index.xls XLS - 121.00 KB
LNG Detail incl Export.xls XLS - 230.00 KB
NGL Price Outlook.xls XLS - 116.00 KB
Northeast Takeaway Capacity.xls XLS - 486.50 KB
Power Demand Curve.xls XLS - 113.50 KB
Price Outlook.xls XLS - 137.50 KB
Storage Outlook.xls XLS - 151.50 KB
Supply Demand Balances.xls XLS - 305.50 KB
Supply Detail.xls XLS - 366.50 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.
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Commodity market report | Aug 2016
North America gas markets short-term outlook August 2016
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