Commodity Market Report
North America gas weekly update: Strong start to withdrawal season
Report summary
It's cold outside. Winter has arrived in mid-November with much colder than normal temperatures blanketing much of the country. After a delayed start to the winter storage withdrawal season, weekly draws from storage are kicking off stronger than normal with the elevated heating loads. As we enter the winter withdrawal season the North America gas markets now ask: • How much will the Thanksgiving holiday temper elevated heating demand? • Will colder temperatures relax as we close out November? • When will seasonal Northeast production increase? • Is the updated Freeport LNG restart guidance viable?
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