North America gas weekly update: summertime blues

Blue is the colour of the short term weather forecast maps, blue is the colour of the cooling Henry Hub gas prices and blue is the colour of the overall US natural gas market sentiment as it gears down for a sixth consecutive and seventh overall triple digit weekly storage injection. Summer peak cooling demand in July and August is still too far out to call the game for the season, in our view, but with the continued absence of red in the short term weather forecast maps, summertime blues in Henry Hub gas prices continue.