North America gas short-term outlook: Low prices are the cure to low prices

The law of supply and demand works in the natural gas markets. Oversupplied markets, due to another mild winter amidst record supply, has started to expand the storage surplus dramatically once again. With the summer 2024 injection season already challenged by the threat of storage containment, operators are reacting to low gas prices by curtailing supply. Perhaps a pricing floor has been seen if actual gas production data confirms these declines and more operators follow. Find out more about where North American gas markets are headed: • How much has the storage surplus expanded due to the mild winter closeout? • What are the potential production impacts of the recent CHK curtailment announcement? • Does the DOE pause on new non-FTA permit approvals impact short-term markets?