• The cooler weather outlook has been offset by the growing natural surplus, which has reduced the domestic commodity price.
  • Lower crude oil prices are in response to lower demand as there are signs of a slowing economy, and this is reflected in lower LNG prices and lower AGTT/TGP prices.
  • The outlook is very mixed as long as the natural gas storage surplus remains strong. Until production slows, or the weather turns warmer, there will not be much change in prices.
  • 79 Bcf were injected into storage this week. The injection was 36 Bcf higher than the five-year average and 4 Bcf higher than expectations.