Commodity Market Report
North America gas weekly update: Record power demand
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Report summary
Record power demand from extreme hot weather, low gas prices and low wind conditions will keep EIA reported weekly gas storage injections lower than normal for the week ending 19 July. Despite LNG feedgas utilization improving, forward weekly injection expectations are starting to increase and projected to expand the storage surplus once again. This weekly natural gas commodity report seeks to explore: • How much are cooling degree days moderating? • Will US gas supply continue to rebound? • Are tight market conditions set to continue?
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