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Commodity Market Report

North America gas markets short-term outlook: Spring forward

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23 March 2022

North America gas markets short-term outlook: Spring forward

Report summary

As we close out winter with a mild March but potentially lingering cold into April, seasonal withdrawals have been robust. Injection season will start both lower than last year and the five-year average. North America gas storage will face an uphill battle to refill comfortably before the start of next winter. Heightened global commodity market volatility provides higher risks than ever before. Our March short-term outlook was completed mid-month in advance of our upcoming Strategic planning outlook. Although both oil and gas prices have rallied strongly since then, our North America gas market fundamentals remain unchanged. Find out more on: Will production start to spring forward higher? What impact does higher gas prices have on demand? Will LNG utilization rates remain near maximum?

Table of contents

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What's included

This report contains:

  • Document

    March 2022 STO.pdf

    PDF 914.05 KB

  • Document

    Price Outlook.xls

    XLS 126.00 KB

  • Document

    Basis Outlook.xls

    XLS 114.50 KB

  • Document

    Supply Demand Balances.xls

    XLS 347.00 KB

  • Document

    Storage Outlook.xls

    XLS 164.00 KB

  • Document

    Supply Detail.xlsx

    XLSX 302.11 KB

  • Document

    Demand Detail.xls

    XLS 834.50 KB

  • Document

    Power Demand Curve.xls

    XLS 183.50 KB

  • Document

    LNG Detail Incl Export.xls

    XLS 239.50 KB

  • Document

    Industrial Index.xls

    XLS 122.00 KB

  • Document

    Northeast Takeaway Capacity.xlsx

    XLSX 481.38 KB

  • Document

    NGL Price Outlook.xls

    XLS 645.00 KB