Commodity Market Report
North America gas weekly update: Global crisis
Report summary
How do you spell “crisis”? $30/mmbtu. That’s the price of global gas at the moment and despite market-calming fundamentals resolving here at home, global prices are flexing their connection with Henry Hub, pulling it north of $6/mmbtu. The expiring October NYMEX contract settled above $4/mmbtu for the first time since the pre-shale era. It looks like it’ll be an interesting winter abroad. How much will that affect North America?
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