Reply To: Into The Vortex – Natural Gas Outlook as Europe Moves on Global LNG Supplies

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TradersCom
Keymaster

Ongoing drought in the U.S. West has drained rivers and reservoirs, with Lake Mead falling to a record low. That threatens to curb power produced by hydropower dams and will prompt electricity providers in the U.S. West to boost usage of nat-gas to increase electricity to satisfy power demand this summer for air-conditioning.

Nat-gas prices last month soared to a 13-1/2 year nearest-futures high by concern about tight U.S. nat-gas supplies. Concern has grown that colder U.S. spring temperatures will de… Read more