Tanker Insurance Won’t Lie to You
On April 7, ceasefire rhetoric between Washington and Tehran began circulating through diplomatic channels. WTI crude, which had climbed to $119/bbl e…
Energy Markets
The Gas Market Is Lying to You: Why Henry Hub’s Calm Is the Most Dangerous Number in Energy Right Now
Henry Hub natural gas futures are sitting at $3.10/MMBtu as of late March 2026. Taken alone, that’s a boring number — mid-range, unremarkable, the kind of print that wouldn’t wake up a sleeping trader. Nothing about this market is normal, though. And that $3.10, set against everything happening in global energy right now, might be one of the most misleading figures in markets. Just weeks ago, that same Henry Hub contract touched $7.46/MMBtu — a crisis spike representing roughly 184% above the three-month low of $2.62. The market panicked, priced in catastrophic supply loss, then decided it had overreacted. It hasn’t. The structural damage to global LNG supply is arguably … Read more