Free Trial
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
EIA has revised down its forecast for US natural gas prices this winter, as natural gas inventories ended October higher than expected.
- Henry Hub natural gas spot prices are expected to average at $6/MMBtu during 4Q22 and 1Q23, down by more than $1/MMBtu from October, data from the November EIA STEO report show.
- EIA estimates U.S. natural gas inventories ended October 2022 at more than 3.5Tcf, which is 4% below the five-year average and higher than what we had been forecasting in recent months. Inventories are estimated to fall by 2.1 Tcf this winter to 1.4 Tcf by the end of March 2023.
- EIA increased their dry gas production forecast for 2022 from 97.56bcf/d to 98.07bcf/d and expect 2023 at 99.69bcf/d.
- They also increase their 2022 gas consumption forecast from 87.89bcf/d to 88.39bcf/d before expecting a fall to 85.08bcf/d in 2023. That compares with a record 85.29bcf/d in 2019.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok