Commodity Market Report
North America gas weekly update: Henry Hub awakens
Report summary
Pop quiz! The recent price rally was a result of (select all that apply): a) A very warm September b) Limited demand impacts from Hurricane Dorian c) A short squeeze d) Prices were too low to start with e) All of the above Weekly storage injections continue to exceed the five-year average, and since the start of injection season, they have nearly wiped out the 500 bcf deficit. However, with nine weeks remaining in the traditional injection season, the pace of higher than normal injections is slowing down. Has Henry Hub awakened to the fact that we are nowhere near containment levels?
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