Commodity Market Report
North America gas weekly update: Limit down
Report summary
$1.519. $1.519. That number bears repeating; it’s the lowest Henry Hub has dipped, in inflation-adjusted terms, ever. If that isn’t it, then where’s the limit down? Production is showing signs of resilience; after declining since highs in November, the trend has flattened, and demand and export loss worries are weighing heavily on US gas markets. Low oil and gas prices are expected to make the flattened production curve decline again, but will the reductions be enough to counter potential demand and export losses?
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