Pipelines, Storage & Power

Speculators bearish on Henry Hub futures

Speculators have remained net short in Henry Hub front-month futures so far in June, partly driven by record gas injection levels in storage sites in the US and Canada Speculators have remained net short in Henry Hub front-month futures so far in June, partly driven by record gas injection levels in storage sites in the US and Canada.
By Abhishek Kumar 17 June 2015 0 24747

Speculators have delivered a bearish verdict on Henry Hub futures as North America approaches a storage-driven supply glut. Players have remained net short in Henry Hub futures this month even though summer has begun in the United States and Canada – which is associated with increased air conditioning-related demand.

Speculators’ net short positions in Henry Hub front-month futures have so far averaged around 161,100 contracts. This is in sharp contrast to the situation in June 2014, when speculators were net long with an average of around...