US Gas Market Braced For Repeat Of 2007

摘要

While the Opec meeting was predictably focusing attention on oil market fundamentals,gas market watchers were keeping a close eye on US storage data.A recent cold snap in the US has led to above-average drawdowns from inventories,raising the possibility that gas in storage at the end of this year's withdrawal season in March could.dip below 2007's levels.If inventories continue to fall and sink below last year's finish,or even below the five-year average of about 1.24 trillion cubic feet,this could prompt a fundamental shift in the overall pricing structure for the rest of 2008.