MUMBAI, 11 Jun (Commoditiescontrol): Goldman Sachs has reported that an unexpectedly hotter-than-average June has led to higher-than-anticipated gas burns. This increased consumption has resulted in a tighter U.S. gas balance than previously estimated. As a result, there is now an upside risk to their balance-of-summer Henry Hub forecast, which was set at $2.65/mmbtu.
The hotter weather has significantly influenced gas demand, challenging earlier projections and suggesting potential adjustments to market expectations as the summer progresses.
(By Commoditiescontrol Bureau; +91 98201 3018)
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