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Commodity Market Report

North America gas weekly update: Tighter markets continue despite faltering prices

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23 May 2023

North America gas weekly update: Tighter markets continue despite faltering prices

Report summary

The Henry Hub gas price rally has halted despite weekly storage injections much lower than previously expected. Milder weather, seasonally lower LNG and disappointing gas drilling rig activity trends are weighing on prices. Strengthening the bears’ renewed resolve, although very low Northeast prices continue, regional production does not seem to be impacted. The weekly commodity report seeks to explore: • Is the L48 gas storage surplus still expanding? • What is behind tighter market conditions? • Are triple-digit weekly storage injections coming?

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What's included

This report contains:

  • Document

    Weekly 23 May 2023.pdf

    PDF 585.87 KB

  • Document

    Imbalance Chart Pred.xlsx

    XLSX 495.67 KB

  • Document

    Scrape Data.xlsx

    XLSX 495.19 KB

  • Document

    Weather Index.xlsx

    XLSX 148.27 KB