Commodity Market Report
Global gas & LNG weekly summary: 18 May 2023
Report summary
Summer price continue to probe lower searching for incremental tightening International gas prices continue to drop through the summer as the market probes for incremental demand in the hopes of balancing the global oversupply. Both TTF and NE Asia gas prices are down almost $1.00 USD/mmbtu week-over-week. Henry Hub is the exception, rallying $0.20 week-over-week through Wednesday. It then rallied another $0.25 on Thursday after a bullish storage report indicated further tightening, catching the market by surprise.
Table of contents
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Summer price continue to probe lower searching for incremental tightening
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Tables and charts
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- Prices as of 17 May 2023
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