Supplies are increasing. Record levels of production are flowing into the market have more than offset slight declines in Canadian imports. Storage inventories are robust even though totals are slightly below the all-time highs set in 2016. December prices currently trade at $3.00 per MMBtu. Now we wait for the first cold snap to see how the market reacts. Winter is coming.
Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.