Warm winter keeps natural gas prices subdued

摘要

The natural gas market has worked itself into an interesting situation recently. The combination of a warm winter in 2015-16, declining associated production, lack of new infrastructure and coal retirements have created a perfect storm for a very challenging year to evolve in 2017. Although many of the potential issues were alleviated by yet another warm winter, attention is now starting to turn toward the supply side of the equation, and it's having an impact on the shape of the natural gas forward curve.