Commodities
Heat Wave Fails to Spark Henry Hub Rally as Renewables and Supply Crimp Prices
Despite scorching summer temperatures across large parts of the United States, Henry Hub natural gas futures have struggled to gain upward momentum.
The extreme heat has not been enough to spark a rally in natural gas prices, with renewables and a hefty supply contributing to the lackluster performance.
Solar and wind power generation has been strong, meeting cooling demand despite the high temperatures. Meanwhile, storage builds have continued to defy expectations, holding above 110 Bcf/d.