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US SCR storage drawdowns support Henry Hub

Persistently high gas drawdown rates in the South Central Region of the US will support Henry Hub prices in the coming weeks Persistently high gas drawdown rates in the South Central Region of the US will support Henry Hub prices in the coming weeks.
By Abhishek Kumar 25 January 2017 0 24452

High gas withdrawals from the South Central Region (SCR) of the United States have boosted prices at the Henry Hub so far during the 2016-2017 gas withdrawal season. The situation is expected to persist in February, when average temperatures across the US are expected to be colder than during the same month last year.

The US entered the current withdrawal season with a gas glut that was even more severe than at the start of the previous withdrawal season. Meanwhile, the weather has been milder during...