A dip in NYMEX gas futures prices to start the week, the July front month dropped about 15 cents to settle at $3.63 US/mm. On the weather front, temperatures in the US are expected to be about normal, if not somewhat higher in the South.
Overall, not a crazy start to the cooling season, cooling demand remains pretty low (so far). With LNG feed gas still lower than usual and no big heat to drive the market, NYMEX pricing has been somewhat range-bound lately.
Keep in mind that the warmer months still comes with its own hazards. Hurricane season technically starts this month and wildfires are always a concern this time of year, and can potentially interrupt production or LNG flows. So far, Alberta and especially BC have their share of fires burning, and Canadian production has dipped the past few days, and fire activity has increased compared to last week.
