International Pressure Relieved

As Qatar prepares to resume normal LNG exports through the reopened Strait of Hormuz, the extreme pressure on US LNG feedgas has lessened, allowing domestic storage to begin rebuilding more aggressively.

Weather and Storage

The US market is entering a shoulder season with moderate temperatures across major heating zones. With storage levels currently 4.5% above the five-year average, the fundamental outlook remains bearish for the near term.