• The weather in April will not have a large impact on prices. The concern lies with summer fast approaching.
  • A lower-than-expected injection into natural gas storage this week confirmed production cuts are having an impact.
  • The large storage surplus and moderate weather will keep natural gas commodity price movements within a tight range this week.
  • LNG export prices rose $2/MMBtu last week but have since weakened as Israel hasn't responded to Iran's attack.
  • Wholesale power prices follow movements in natural gas commodity and transportation prices.