Slow gas injection rates support Henry Hub

High gas-to-power demand in the United States during the early weeks of the summer has boosted the Henry Hub front-month futures price. Meanwhile, lower rates of stock builds in this year’s injection season compared with 2015 are also supporting the price. Storage operators in the US and Canada are reluctant to increase their injection rates because stock levels in the two countries are already healthy. This will favour gas prices in the coming weeks.