Commodity Market Report
North America gas weekly update: Lower rigs and supply provide Henry Hub lifeline
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Report summary
Weaker supply indicators are arising to help support Henry Hub gas prices amidst milder weather conditions and lower LNG feedgas requirements. Slower drilling and completion activity will help, but economic wellhead shut-ins are the most immediate tool producers can utilize to reduce supply now not later. The weekly commodity report seeks to explore: • Higher storage injections lie ahead, but are markets getting tighter? • Will we surpass the record weekly injection of 132 bcf in the coming weeks? • Which LNG trains are showing outages?
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