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Bears Rule Gas Basis Markets

July 27, 2020

Bears Rule Gas

In last week’s At The Market report from The Schork Report on behalf of ENGIE, there was bearish consensus on natural gas markets. The probabilistic analysis on six major natural gas points was bearish with accelerating trends for each market. One contributing factor is the level of natural gas inventory according to EIA. The refill season is 50% complete, but the market has replaced 70% of the gas delivered last winter. 

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