Natural gas demand has continued to moderate and above- average storage builds signal the likelihood of adequate levels of working gas available to meet peak requirements this winter. In addition, production numbers remain strong despite prices in the sub $4 per MMBtu range.
As we push farther into fall, the traditional hurricane season is winding down and with it the threat of storm-related supply disruptions. Despite five Atlantic hurricanes measuring Category 3 or more since June 1, Mother Nature has left offshore natural gas production essentially intact.
And while two months remain in the official hurricane season (ending November 30), strong onshore production, in conjunction with cooler weather curbing demand from power generators, may lead us quietly into the coming winter heating season.
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