• Mild weather is expected through the end of May mitigating the impact of production cuts. The June - August seasonal outlook continues to call for a hotter-than-normal summer.
  • The natural gas storage surplus relative to the five-year average has continued to fall over the last few weeks and the most recent injection was lower than market expectations.
  • The market is looking towards the summer. The impact of production cuts and higher LNG exports is impacting prices.
  • New England basis prices increased the past week as LNG prices have risen.