Commodity Market Report

North America gas weekly update: Extremely mild

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European TTF gas prices are “off to the races” rocketing to new record highs exceeding $59/mmbtu and on an energy btu equivalency near $357 oil. European consumers are paying 15 times higher gas prices then in North America. Henry Hub gas prices are completely decoupled and remain under $4/mmbtu as: • Extreme mild temperatures continue minus the West • US gas production continues near record levels • Storage levels flipped to a surplus versus the five-year average Can Henry Hub gas prices find some support in the weeks ahead?

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    North America gas weekly update: Extremely mild

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