Commodity Market Report

North America gas short-term outlook: seasonal price contango narrows in prematurely

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Henry Hub gas prices had plummeted to levels even lower than during the gloomy 2020 Covid summer. Low gas prices were the cure to low prices as both supply and demand responded to limit further expansion of the bulging storage surplus. However, with summer 2024 Henry Hub gas prices rapidly, prematurely rising, responses from supply and demand are starting to unwind before surplus storage inventories have had time to shrink substantially. This month’s North America gas commodity report seeks to answer: • Who is bringing back gas production? • Will higher-than-normal gas burns start to lose steam? • Are risks of storage overfill being reintroduced?

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What's included

This report contains:

  • Document

    May 2024 STO.pdf

    PDF 827.71 KB

  • Document

    Basis Outlook.xls

    XLS 73.00 KB

  • Document

    Demand Detail.xls

    XLS 771.00 KB

  • Document

    Industrial Index.xls

    XLS 363.50 KB

  • Document

    LNG Detail Incl Export.xls

    XLS 402.50 KB

  • Document

    NGL Price Outlook.xls

    XLS 3.61 MB

  • Document

    Northeast Takeaway Capacity.xlsx

    XLSX 405.33 KB

  • Document

    Power Demand Curve.xls

    XLS 69.00 KB

  • Document

    Price Outlook.xls

    XLS 190.50 KB

  • Document

    Storage Outlook.xls

    XLS 226.00 KB

  • Document

    Supply Demand Balances.xls

    XLS 396.00 KB

  • Document

    Supply Detail.xlsx

    XLSX 1.54 MB