The market continued yesterday’s rally, gaining another $0.06 USD/MMBtu to settle at $3.10 USD/MMBtu. Despite the gain, market fundamentals remained largely neutral. Lower demand forecasts counteracted decreased production numbers, while no significant changes to LNG flows were observed.   

Meteorologists at the National Hurricane Center are closely monitoring the development of a tropical storm in the central Atlantic. As of Tuesday, at 2 PM, the agency gave a 90% probability that the storm will develop into a cyclone; however, the system is expected to avoid mainland North America. (PB)