Commodity Market Report
North America gas weekly update: Five Below
Report summary
Below or beyond $5/mmbtu? What’s the real fair value of Henry Hub? With gas storage set to be at 97% of five-year average levels, the US is entering winter in a reasonably secure position versus its European peers, but robust global gas prices’ strengthened tether to Henry Hub keep it elevated for now. Cold weather, or the lack thereof, will help Henry make its choice: either beyond or below. Is the fair value of Henry Hub below or beyond $5/mmbtu?
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