Prospects for mild weather in the United States in the coming week are weighing on the Henry Hub front-month futures price. Nonetheless, regional price volatility in the country’s northeast is set to continue as the country’s gas glut gradually dissipates.
There is a 70% chance of above-average temperatures in Louisiana, home to the Henry Hub spot pricing point. Meanwhile, the Total Degree Days figure in the US is expected to average 863F in January 2017, marginally lower than 877F in January 2016. GGA forecasts weather-related gas demand in the US will fall by 1.8% year on year in January, to 59.9 billion cubic metres.
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