May 11, 2021 – Natural Gas Intelligence
June Natural Gas Futures Reverse Course, Climb with Exports Steady, Cyberattack Resolution in View
By: Kevin Dobbs
Analysts said while concerns eased Tuesday, they could remerge during trading in coming days if Colonial does not continue to make swift progress toward restoring full operations.
“The attack on Colonial comes at a critically important time for the U.S. refined products sector,” said RBN Energy LLC analyst Housley Carr. “After more than a year of Covid-related demand destruction for motor gasoline, diesel and jet fuel, economic activity and mobility have been rising sharply in recent weeks as the number of vaccinated Americans has increased, constraints on businesses have eased, and — to put it bluntly — people are itching to get out again.”
While traders took the news in stride Tuesday, consumers responded with a degree of panic, with news reports of long lines at gasoline stations in the Southeast and rising prices at the pump. The concern is that, should the Colonial system remain in limbo, fuel shortages could spread across the East
Read the full article here: https://www.naturalgasintel.com/june-natural-gas-futures-reverse-course-climb-with-exports-steady-cyberattack-resolution-in-view/
