TSX:HNU - Post Discussion
Post by
marcrobert on Aug 14, 2024 11:46am
aug 6 forecast - AVERAGE 3.10 INTO NOVEMBER, peaks tba
AVERAGE 3.10 INTO NOVEMBER, that's at least 50% from here, with higher peaks possible of course
enjoy the rise
- Natural gas markets. Following a very hot July across much of the United States, we expect slightly milder weather in August will reduce natural gas consumption. We forecast natural gas consumed to generate electricity generation will average 46 billion cubic feet per day (Bcf/d) in August, down 2% from July. Dry natural gas production in our forecast for August stays close to its level in July. Because of falling consumption and flat production, we expect the Henry Hub price to stay relatively low, remaining below $2.50/MMBtu through October. However, we expect seasonal increases in consumption for space heating, along with a ramp up in liquefied natural gas (LNG) exports from new facilities in Texas and Louisiana, will push the Henry Hub price to average about $3.10/MMBtu from November through March.
Be the first to comment on this post