Pipelines, Storage & Power

Henry Hub hits four-month high ahead of summer

Concerns surrounding the low level of gas stocks in the US will support Henry Hub prices during May Concerns surrounding the low level of gas stocks in the US will support Henry Hub prices during May.
By Abhishek Kumar 17 May 2017 0 25954

Henry Hub prices will receive support for the rest of May as the pace of gas injection into storage in the United States remains low. Prices are set to increase further in June as the start of summer boosts air conditioning-related gas demand in the country.

The Henry Hub front-month futures price reached an intraday high of $3.43/MMBtu on 12 May. This was its highest level since 26 January, and was reached despite the country being in the shoulder months. Unusually high weather-related gas demand in...