Commodity Market Report
North America gas weekly update: elusive cold
Report summary
Gas market bulls’ hopes in a polar vortex cold front have been dashed, as weather has ultimately realized warmer. Outside of weather, production continues to be lower year-over-year, despite higher Northeast supply, and LNG feed gas remains high. With winter risks eroded, market attention is now spanning the upcoming summer: how high does gas prices need to be to promote enough production without incurring too much gas-to-coal displacement?
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