Commodity Market Report
North America gas weekly update: Higher for longer?
Report summary
Higher for longer? Henry Hub is on a meteoric rise, as the October contract traded over $5/mmbtu last week. This comes as persistent hot weather and slow offshore GoM production restoration limit storage injections. The story is not just North America’s any longer, as well. European and Asian prices are reaching astronomical levels; the correlation between world markets is getting stronger. We’re not on our own any longer.
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