Commodity Market Report

North America gas short-term outlook: Arctic blast is short-lived with quick warm up

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Extreme cold temperatures blanketed North America in mid-January. To meet record levels of demand amidst wellhead freeze offs, storage withdrawals and Canadian net imports ramped up. Additionally, US LNG exports dialed down and even sent gas back into the grid. However, larger and longer-lasting impacts were avoided with a quick warm up in the chill’s wake. Prices that spiked upward have given back nearly all their gains and may trend even lower absent a return of sustained, colder winter weather. Find out more about where North American gas markets are headed: • How much has the storage surplus contracted to due to the arctic blast? • Why has the supply outlook in the Northeast and Haynesville been upgraded? • Will oversupplied gas markets continue into 2024 and 2025?

Table of contents

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What's included

This report contains:

  • Document

    January 2024 STO.pdf

    PDF 701.34 KB

  • Document

    Basis Outlook.xls

    XLS 73.00 KB

  • Document

    Demand Detail.xls

    XLS 841.00 KB

  • Document

    Industrial Index.xls

    XLS 362.50 KB

  • Document

    LNG Detail Incl Export.xls

    XLS 392.50 KB

  • Document

    NGL Price Outlook.xls

    XLS 3.61 MB

  • Document

    Northeast Takeaway Capacity.xlsx

    XLSX 405.46 KB

  • Document

    Power Demand Curve.xls

    XLS 68.50 KB

  • Document

    Price Outlook.xls

    XLS 192.50 KB

  • Document

    Storage Outlook.xls

    XLS 247.00 KB

  • Document

    Supply Demand Balances.xls

    XLS 387.00 KB

  • Document

    Supply Detail.xlsx

    XLSX 1.54 MB