Storage concerns boost Henry Hub prices

Henry Hub prices remain buoyant at the start of the 2017 gas injection season because of concerns surrounding depleted gas stocks in the United States Henry Hub prices remain buoyant at the start of the 2017 gas injection season because of concerns surrounding depleted gas stocks in the United States.
By Abhishek Kumar 5 April 2017 0 25378

Henry Hub front-month futures and spot prices have ticked up at the start of April even though the gas injection season has begun in the United States and Canada. There are concerns US storage operators will struggle to refill the country’s gas stocks during the injection season.

The high pace of withdrawals has put US gas stocks in a vulnerable position. The US had almost 58 billion cubic metres of gas in storage in the week ending 24 March, 17.1% below the level seen in the...

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