Commodity Market Report
North America gas short-term outlook May 2019: More delays to export projects as production growth stalls
Report summary
Low prices may be the best cure for North American gas markets. Near record levels of April & May storage injections due to mild weather have put downward pressure on Henry Hub gas prices. Yet a floor may have been set as we enter peak summer cooling demand months. Northeast production growth is slowing down while Permian associated gas again battles negativity. Expected production growth is stalling as the mercury is set to reach triple digits in the Southeast as we head into the Memorial Day weekend. However, additional LNG export project delays are also being announced and put a damper on Henry Hub prices in 2020.
Table of contents
- Near record levels of April & May injections due to mild weather continue to put downward pressure on Henry Hub prices yet a floor may have been found.
- Northeast production growth is slowing down and Permian associated gas again battles negativity.
- Key fundamental signposts that provide risk to our price outlook include:
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
North America gas weekly update: Freeport LNG Train 3 set to restart
Gas markets expected to begin tightening
$1,700
Commodity Market Report
North America Crude Markets short-term outlook: March 2024
US exports jump to record high amid coastal refinery outages.
$3,500
Commodity Market Report
North America gas weekly update: Henry Hub searches for a lifeline
Storage surplus continues to expand
$1,700