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Markets & Forecasts

Slow start to the injection season supports Henry Hub

Henry Hub front-month futures closed Monday’s trading session at $4.56/MMBtu, an increase of 1.8% on a weekly basis Henry Hub front-month futures closed Monday’s trading session at $4.56/MMBtu, an increase of 1.8% on a weekly basis
By Abhishek Kumar 15 April 2014 Americas / Pipelines, Storage & Power 0 24885

Henry Hub front-month futures closed Monday’s trading session at $4.56/MMBtu, an increase of 1.8% on a weekly basis, buoyed by a slower-than-expected start to the gas injection season. Storage data from the United States Energy Information Administration (EIA) pushed front-month futures as high as $4.70/MMBtu on 10 April, the highest level since 10 March.

Henry Hub spot and futures

North America saw its first net gas injection of the year in the week ending 4 April, when 113 million cubic metres (MMcm) were added...