• Mild weather continued through April helping to mitigate the impact of production cuts. The June - August seasonal outlook has gotten warmer. NOAA is now projecting the Summer of 2024 to become one of the top 10 hottest summers.
  • The natural gas commodity market is looking towards the summer. Even with the large natural gas surplus, some firming of prices may occur due to the anticipated summer heat and production cuts.
  • With the crisis between Israel and Iran over for now. European LNG prices have dropped back to near pre-crisis levels.
  • New England natural gas transportation basis prices fell as European LNG prices dropped but have not returned to pre-Israel/Iran crisis levels.