Key Drivers July was extremely hot this summer in the U.S. – very high consumption of NG in power generation U.S Natural gas storage deficit heading in the wrong direction. Looking to be the lowest deficit in many years. U.S. natural gas production is slowly increasing – will higher volumes hit the market before winter? …
RD Energy Stay Current Newsletter: August 2022 – No time To Panic! Read More »
Key Drivers Explosion at the Freeport LNG exporting facility in Texas The news that the repairs on the Freeport facility will take 90 days instead of 3 weeks Higher than expected weekly storage injections since the LNG facility was shut down 2 bcf/day of natural gas staying home in the US instead of being shipped …
Key Drivers Hot May Temperatures Summer expected to average above normal temperatures Natural gas storage 300 bcf behind 5 year average U.S. end of summer storage level expected to be near 3.4 TCF versus being full around 3.9 TCF Commentary June natural gas NYMEX traded strongly above $9.00 before settling at $8.908/MMBTU. Natural gas …
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