Commodity Market Report
North America gas weekly update: Heat dome
Report summary
A heat dome has descended across North America, searing much of the Lower 48. Will weekly gas storage injections follow its path lower? But if more heat is to bring more demand, then why are Henry Hub gas prices selling off and now back below $4/mmbtu? With higher prices, is US gas production finally set to take off as operators relax their capital discipline, or are LNG exports set to slump with more seasonal maintenance ahead?
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