- Natural gas prices have pulled back as production normalizes and weather trends warmer than normal.
- Lower 48 production after briefly dipping below ~70 Bcf/d is now back to ~87 Bcf/d.
- LNG exports are rebounding while heating demand drops back to seasonal average.
- The medium-term damage is already done to natural gas storage as we see -350 Bcf for this week's EIA NG report.
- Long term, we are headed for insufficient natural gas storage. Depending on your time horizon, you can either be positioned in NG futures or NG producers to take advantage.
For further details see:
Natural Gas Prices Pull Back As Production Returns And Weather Outlook Turns Warmer