Natural Gas Market Indicators – July 15, 2020Natural gas to power generation climbed as high as 45.8 Bcf per day on July 9—the largest volume of natural gas-directed toward power generation on a single day. July and August are the “dog days of summer,” and this year, the dog days tended to cover nearly the whole country. A draw-back in weekly storage injections and net outflows have supplemented production to meet the increase in summer power burn demand. All of this while prices trade between $1.70-$1.80 per MMBtu at Henry Hub.
Read the full report here.
