Commodity Market Report
North America gas markets short-term outlook: Winter not over yet
Report summary
Winter is not over after all as Punxsutawney Phil saw his shadow. Colder weather persisting into early March has reduced US gas storage levels further. Starting from a lower point will put a higher requirement for summer injections to ramp up. In order to refill storage adequately before the start of next winter US gas production needs to increase concurrently as gas power demand decreases. Fundamentally, elevated prices should be able to achieve both but if not, Henry Hub's correlation to global gas prices may reappear. Find out more on: • Where does Henry Hub gas prices go from here now that the market has rallied higher? • How much will domestic demand grow this summer? • Where will US gas production grow and does MVP delays matter? • How much higher will record US LNG exports reach?
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