Commodity Market Report
North America gas weekly update: Withdrawal season winding down
Report summary
Weekly L48 gas storage withdrawals are set to rapidly fall off with heating degree days now diminishing rapidly. After this occurs, weekly gas storage withdrawals will transition to net injections as soon as the week ending 7 April. With the summer injection season around the corner, North American gas markets continue to watch for evidence of tightening through: • Slowing down US gas production • Continued elevated gas burns • Full utilization at Freeport LNG
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How much will the storage surplus expand?
$1,700
