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BofA Global Research said natural gas had reached a turning point, with prices likely to find support as summer heat eases storage injections. Analysts expect European and Asian LNG demand for US gas to recover from September and rise into winter.
They forecast US storage of 3.92 Tcf by the end of October, below the 2016 record.
A forecast recovery in LNG demand and tighter storage would support US gas prices into winter, raising input costs for fertilizer and drying. The view is an analyst outlook rather than a new supply event.
naturalgasintel.comKevin DobbsAug 4, 2020Not enough comparable past events yet for a historical read.
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.
