Commodity Market Report

North America gas short-term outlook: Is winter already over?

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The North American gas market’s winter typically starts in November and ends in March. Meanwhile, the meteorological winter begins 1 December and lasts through the end of February. Colder winter weather and its high heating load requirements result in storage withdrawal season where overall demand is much higher than supply. Seasonally, winter is also when gas prices are at their highest levels during the year. However, this year, a delayed start to winter cold and record US gas production are already starting to pressure previously elevated Henry Hub gas futures lower. Find out more about where North American gas markets are headed: • What is causing US gas production to “bump up” to record levels? • When can we expect new LNG projects to absorb more supply growth? • Where will storage be at the start of summer 2024?

Table of contents

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What's included

This report contains:

  • Document

    November 2023 STO.pdf

    PDF 746.91 KB

  • Document

    Basis Outlook.xls

    XLS 74.00 KB

  • Document

    Demand Detail.xls

    XLS 775.50 KB

  • Document

    Industrial Index.xls

    XLS 120.00 KB

  • Document

    LNG Detail Incl Export.xls

    XLS 258.00 KB

  • Document

    NGL Price Outlook.xls

    XLS 3.61 MB

  • Document

    Northeast Takeaway Capacity.xlsx

    XLSX 406.35 KB

  • Document

    Power Demand Curve.xls

    XLS 66.00 KB

  • Document

    Price Outlook.xls

    XLS 77.50 KB

  • Document

    Storage Outlook.xls

    XLS 123.00 KB

  • Document

    Supply Demand Balances.xls

    XLS 280.00 KB

  • Document

    Supply Detail.

    XLSX 1.54 MB