May 22, 2024 18:00 GMT
Texas to Face Heat Index of 110F in Late Spring
NATGAS
Temperatures will soar across Texas this week, putting further pressure on the state’s electricity grid, according to Bloomberg.
- The heat will be spread across the US Midwest and Northwest.
- The hotter weather will pose a challenge for power-generating assets, Bloomberg said.
- Such weather is also likely to boost cooling demand, which in turn will raise consumption for natural gas. Thus, the upcoming temperatures is likely to be supportive for Henry Hub.
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