Commodity Market Report

North America gas short-term outlook: Summer 2024 prices need to stay lower for longer

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Another mild winter has wreaked havoc on North America gas markets by leaving bloated storage levels in the ground heading into spring. Prices have collapsed much earlier than in the past, with Henry Hub gas prices now struggling to recover above $2/mmbtu. Nonetheless, markets are acting rationally, as low prices are the best cure for low prices, and current supply and demand responses must remain intact to help storage avoid “hitting the wall” this fall. Find out more about where North American gas markets are headed: • When will Freeport LNG return to full utilization? • Will US gas production rebound in 2025? • How much will the storage surplus shrink over the coming injection season?

Table of contents

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What's included

This report contains:

  • Document

    March 2024 STO.pdf

    PDF 728.92 KB

  • Document

    Basis Outlook.xls

    XLS 72.00 KB

  • Document

    Demand Detail.xls

    XLS 775.50 KB

  • Document

    Industrial Index.xls

    XLS 362.50 KB

  • Document

    LNG Detail Incl Export.xls

    XLS 497.50 KB

  • Document

    NGL Price Outlook.xls

    XLS 3.61 MB

  • Document

    Northeast Takeaway Capacity.xlsx

    XLSX 405.38 KB

  • Document

    Power Demand Curve.xls

    XLS 71.00 KB

  • Document

    Price Outlook.xls

    XLS 74.50 KB

  • Document

    Storage Outlook.xls

    XLS 122.50 KB

  • Document

    Supply Demand Balances.xls

    XLS 287.00 KB

  • Document

    Supply Detail.xlsx

    XLSX 1.54 MB