Gas stocks in the US and Canada are expected to remain low on an annual basis for the rest of 2017.
The US is expected to end July with gas stocks below the levels seen at the same time last year. This will favour net gas drawdowns for several weeks during the summer in the South Central Region, home of the Henry Hub pricing point. However, it also signals the potential for regional supply tightness during the gas withdrawal season, which starts in November.
The US had...