*Hedged prices may differ from the grid due to a change in the volatility skew of the underlying and financing charges related to hedging.
EIA Short-Term Energy Outlook
see forecast highlights here>
- According to the EIA, net injections into storage totaled 49 Bcf for the week ending August 9th. This build was approximately 6 Bcf lower than expected. Total working gas in storage was 2,738 Bcf which is 111 Bcf below the five-year average. Market estimates for end of October stock levels are centered around 3.7 Bcf.
- The chart above implies the U.S. natural gas market is oversupplied. In order to balance, market prices should continue to incentivize high levels of electric generation and storage demand.
6-10 Day Outlooks
8-14 Day Outlooks
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