Natural gas pops on a last blast of snow and cold at the end of April. A nor’easter seemed to give natural gas bulls hope that perhaps a bottom may be in for natural gas or perhaps it is just a snow job.
If the International Energy Agency tells you that the market is well supplied, you had better believe it. The agency that represents 28 consuming countries always wants to error on the side having too much oil as opposed to not enough.
The natural gas market is running out of space to put supply and the system will soon get clogged so it is becoming more obvious that the only thing that can fix this market is perhaps an epic price collapse.