Commodity Market Report
North America gas weekly update: Goldilocks and the bears
Report summary
Goldilocks may not have entered into a home of three triple-digit bears but close to it. Weather is like Goldilocks tasting her soup, not too cold, not too hot. The combination of the two are causing shoulder season doldrums to continue with below normal weather a stark contrast to the late season cold last April. What lies ahead? More bearish triple digit injections via higher production overwhelming any demand and export increases? Or will an early start to the summer and ramped up exports stymie a row of "bears" to appear? Will production growth falter in addition, setting up for higher prices ahead? In the meanwhile, June 2019 prompt Henry Hub gas prices continue to struggle with the shoulder season doldrums and are at <$2.60 mmbtu continuing to search for a floor as a record april weekly storage injection is set to be reported>$2.60>
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