Commodity Market Report
North America gas weekly update: Getting cold outside
Report summary
Some of the highest gas prices globally are in the US Northeast. Even a seldom utilized offshore LNG regassification buoy may be activated for the first time since 2019 to deliver gas into the Boston area. Colder weather has finally arrived after an extremely mild week to end 2021. But is the colder weather here to stay or will it be fleeting? Are supply declines due to production freeze offs and also temporary? If both are persistent, Henry Hub gas prices recovery above $4/mmbtu may be here to stay around longer.
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