Global Balance Restored

As Qatar resumes its 77 million ton annual export rhythm, the international competition for US LNG cargoes has cooled. This is allowing more domestic supply to remain in US storage hubs ahead of the summer heat.

Seasonal Weather Lull

Moderate spring temperatures across the US Midwest and Northeast are keeping residential demand low. With production still robust in the Permian and Haynesville, the near-term price outlook remains soft.