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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
Henry Hub spot price to average 2.35$/mmbtu in May and rise to 3.00$/mmbtu in July and August according to the EIA Short Term Energy Report release yesterday.
- They expect US natural gas consumption for electricity generation this summer to average about 38bcf/d second only to the record 39bcf/d last year. The demand is driven by a decline in coal-fired electricity generation, relatively low natural gas prices, and more overall electricity generation due to warmer-than-normal temperatures but limited by more renewable generation.
- The US dry natural gas production forecast for 2024 was lowered to 101.24bcf/day compared with 101.58bcf/day projected in April. Output in 2023 is estimated at 101.09 bcf/day compared to 100.87 bcf/day estimated last month.
- Output to grow annually in 2024 at an average rate of 0.15bcf/day compared to the prior forecast of 0.71bcf/day.
- They expect natural gas inventories to increase to 4% above the five-year average by the end of October to 3,762Bcf.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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