Commodity Market Report
North America gas weekly update: the bear pack survives
Report summary
Despite the southeast heat wave that brought the mercury levels to triple digit temperatures, triple digit bearish injections survived for the next three expected EIA weekly natural gas storage reports. June 2019 prompt Henry Hub gas prices, however, have been resilient and are set to close just slightly under $2.60/mmbtu. As July 2019 takes the prompt position, threats of a waning El Nino are conducive to much more hotter temperatures and higher cooling demand loads. However, US production is also again setting record daily highs. Which one will play out more pivotal in the weeks ahead? The North America gas market eagerly watches the following for clues: • Will once again negative gas pricing in the Permian stymie production growth and result in more economic shut-ins • Is the recent recover of Ohio production volumes a sign of Northeast production growth resumption as well • Are much warmer temperatures in store as El Nino conditions fade
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: Has the storage surplus peaked?
Low gas prices are tightening markets
$1,700
Commodity Market Report
North America gas weekly update: More issues at Freeport LNG?
Lingering risk of further extended outages unsettle markets
$1,700
Commodity Market Report
North America gas weekly update: Freeport LNG Train 3 set to restart
Gas markets expected to begin tightening
$1,700