Commodity Market Report
North America gas weekly update: Injections forecast into mid-November
Report summary
The prompt November 2023 Henry Hub contract has fallen below $3/mmbtu as it approaches expiry at the end of this week. Record US gas production has tempered markets before entering the winter. Chillier weather is seen on the horizon, yet injections are still set to continue deeper into November. This weekly natural gas commodity report seeks to explore: • Is the storage surplus set to expand further? • When will heating loads increase beyond normal? • Where is US gas production increasing?
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