Commodity Market Report
North America gas weekly update: Storage deficit widening
Report summary
Henry Hub prices that were nearing double digits fell precipitously to under $5.50/mmbtu post-Freeport LNG outage. A “V” shaped recovery in less than a month has brought intraday highs back to threatening double digits once again. Intraday volatility of the soon-to-expire August 2022 NYMEX contract is trading within a $1/mmbtu range and even pricing higher than the peak-winter January 2023 contract. Find out more about where North America gas markets are headed: • Will we get some relief from record-high CDDs and their resultant elevated power demand? • Is US gas production continuing to show increases and can it persist? • Where is storage headed over the next three EIA reports?
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