Commodity Market Report
North America gas weekly update: summer blues
Report summary
Despite a general trend of June CDDs picking up, last week’s heat broke temporarily, and as a result power demand fell 29 bcf week-over-week. This loss, combined with continued under-utilization at US LNG terminals, broke what little price support was left in the market, as cash prices reached a dismal $1.38/mmbtu, the lowest since December 1998. Back to triple digits for last week’s injection, but the greater risk of upcoming heat into July should increase power demand and thereby reduce injections in the weeks ahead.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
North America gas weekly update: LNG underperformance ending
Welcome back Freeport LNG
$1,700
Commodity Market Report
North America gas weekly update: End of withdrawal season
Storage overhang continues to contract
$1,700
Commodity Market Report
North America gas weekly update: Freeport LNG woes continue
Higher injections lie ahead amid mild shoulder season demand
$1,700
