Commodity Market Report
North America gas short-term outlook: Winter storage withdrawals disappoint
Report summary
Near record mild January temperatures following Winter Storm Elliott along with no signs of Freeport LNG restarting anytime soon have collapsed 2023 Henry Hub gas prices by over $2 from just a month ago to well under $3.30/mmbtu. Adding insult to injury, US gas production has fully recovered above pre-freeze off levels and is even showcasing new record highs. February weather is not correlated to January, but if cold signals develop, gas prices may potentially halt their current slide. With summer 2023 North America gas markets flipping to oversupply find out more about: • How will storage containment issues be avoided? • Will gas prices need to move even lower? • Further out, how are gas market fundamentals shaping up for 2024?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
23 March 2023
North America gas short-term outlook: Storage surplus looms over injection season
Commodity Market Report
North America gas short-term outlook: Storage surplus looms over injection season
How can storage containment be avoided?
$2,00028 March 2023
North America gas weekly update: Withdrawal season winding down
Commodity Market Report
North America gas weekly update: Withdrawal season winding down
Will the storage surplus head lower?
$1,70021 March 2023
North America gas weekly update: South Central storage flips back to withdrawals
Commodity Market Report
North America gas weekly update: South Central storage flips back to withdrawals
Storage surplus starts to reduce, but will it be too little too late?
$1,700
