Henry Hub 2021 forward curve tops $3/MMBtu as gas demand surges, storage surplus falls

摘要

As bitter cold sweeps the continental US this month, record gas demand is fueling a rally in the Henry Hub 2021 forward market, but recent supply gains suggest that summer prices could be overheated. With a sizeable chunk of the polar vortex now centered over North America, the US population-weighted temperature this month-to- date has averaged a chilling 37.8 degrees Fahrenheit, making February the coldest month for the US in six years, data compiled by S&P Global Platts Analytics shows.