Colder-than-average temperatures have pushed up seasonal consumption in parts of Europe, and UK demand is forecast to be above seasonal norms on Wednesday.1 March 2017
A hot summer in Northeast Asia will boost demand for air conditioning, supporting requirements for gas-fired power generation and total gas consumption.
Argentina and Brazil are not buying LNG even at the peak of the southern hemisphere summer, and supplying the fuel to the two markets is set to become even tougher in 2017.
Stronger nuclear output and weaker demand will weigh on French gas prices.
Mild temperatures across Europe have reduced demand and put pressure on hub prices, a situation expected to continue over the coming week.
Mild weather over the coming week will weaken gas demand and put European prices under pressure.
Mild weather will limit gains in Henry Hub front-month futures and spot prices during February, but the prices will still be high year on year.
Analysis & Forecasts
Overview of the fundamental and technical factors underpinning our global forecasts
Focus on economic trends, gas demand & production, storage, prices and trade
Identifying key points of competition from other fuels, such as coal and renewables