Forward and futures markets
The tighter gas market in the US SCR will support Henry Hub prices during the summer.
The Henry Hub front-month futures price has come under pressure as forecasts suggest the weather will be milder in the US in June 2017 compared with June 2016. However, the price is still high on an annual basis as gas stocks in the country remain low year on year. The pace of injections in the SCR will drop during the summer as air conditioning-related gas demand ratchets up. This in turn will support prices.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up