Commodity Market Report
North America gas markets weekly update: Smallest injection of summer
Report summary
23 bcf injection expected CDD index up 33% last week East +16 bcf, Midwest +21 bcf, South Central -12 bcf, Pacific -4 bcf, Mountain +2 bcf We are expecting injections of 23 bcf, 52 bcf and 64 bcf for the next three EIA storage reports through August 24. This forecast is based on declining cooling degree days over the remainder of August. September futures have climbed about 20 cents for the last two weeks on lower than expected injections.
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