Spot Gas Prices Recoil as Hurricane Laura Misses Path

Spot natural gas prices in the Houston metropolitan area saw a double-digit rebound as Hurricane Laura bypassed the area.
Data showed gas demand for power generation in Texas increasing around 400 MMcf, as there was no substantial hurricane-related damage to power infrastructure.
The lower inflows were driven partly by a number of pipeline force majeures.
Natural Gas Pipe Line and ANR Pipeline declared force majeure citing the imminent storm track of Hurricane Laura and impacting southbound...