Henry Hub prices under pressure from stronger injections

Depleted gas stocks in the US will remain a concern even though flows into the country’s storage facilities are improving Depleted gas stocks in the US will remain a concern even though flows into the country’s storage facilities are improving.
By Abhishek Kumar 26 April 2017 0 25660

Improving net injection rates at gas storage facilities in the United States have caused some weakness in futures and spot prices at the Henry Hub. Injection rates are expected to rise further in May, the end of the shoulder months. Nevertheless, there is still cause for concern as US gas stocks remain low on an annual basis as the country moves into summer.

The Henry Hub front-month futures price is trading at around $3/MMBtu, lower than the average of $3.23/MMBtu it traded at during the first...

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