Pipelines, Storage & Power

Henry Hub falls as market looks beyond summer

The Henry Hub front-month futures price will come under pressure in the next few weeks as the US leaves the peak summer demand period The Henry Hub front-month futures price will come under pressure in the next few weeks as the US leaves the peak summer demand period.
By Abhishek Kumar 10 August 2016 0 24637

The Henry Hub front-month futures price is coming under pressure as the United States leaves the peak summer demand period. The focus will now shift to high gas stocks in the country and the implications of lower demand on gas storage during the upcoming shoulder months (September-November).

The US had 93.05 billion cubic metres of gas in storage in the week ending 29 July. This was an increase of 13.4% on an annual basis and 16.4% above the five-year average. A net gas withdrawal of 170...