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Wood Mackenzie outlines five factors for North American gas markets this winter. These include producers managing supply by delaying well turn-ins, storage, power market shifts, imports, LNG exports and weather.
Producer responsiveness to price is becoming more common in 2024.
Producers adjusting output in response to prices could limit supply shocks and cap volatility. Weather and LNG demand remain the main drivers of US gas prices this winter.
woodmac.comEric McGuireDec 1, 2024After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
