Commodity Market Report
North America gas weekly update: Warm and warmer
Report summary
December 2019 is closing out as the 4th warmest dating back to 1960. The impact to the next three weekly storage estimates is a flip back to a 179 bcf surplus versus the five-year average. Despite consecutive triple digit weekly storage withdrawals that were much higher than consensus, Henry Hub January prices settled even lower at $2.158/mmbtu. Our expected -61 bcf withdrawal to be reported for the week ending 27 December provides little support to the now prompt February Henry Hub price also currently below $2.16/mmbtu. The silver lining for 2020 as we enter the year of the rat? US gas production continues to trend lower, especially in the Northeast, while LNG feed gas deliveries is back up to record highs and pointing to eclipsing 9 bcfd. Note: please find an abridged version for this New Year’s week.
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: Injection season begins
Higher injections lie ahead amid mild shoulder season demand
$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
Commodity Market Report
North America gas weekly update: End of withdrawal season
Storage overhang continues to contract
$1,700
