PremiumGoldman: "US Gas Rally Likely Too Much, Too Soon"
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
Henry Hub spot natural gas prices surged to $4.90/mmBtu on Monday morning, reaching fresh two-year highs as traders weighed the impact of tariffs on Canadian fuel and potential retaliatory measures. Amid the volatility, Goldman Sachs' co-head of Global Commodities Research, Samantha Dart, clarified what's next for prices, warning, "US Gas Rally Likely Too Much, Too Soon."
Dart said the sharp increase in Henry Hub spot NatGas prices has been a combination of colder-than-average temperatures, which, along with production freeze-offs and a quick ramp-up of liquefaction operations at the newly started 1.4 Bcf/d phase one of the Plaquemines LNG export facility in Louisiana, helped draw down salt inventories to very low levels.