May 28, 2024 17:37 GMT
Henry Hub Climbs
NATGAS
Henry Hub is finding support on the day as contract expiry approaches. Two-month high LNG feedgas export flows and a likely rise in upcoming cooling demand across the US will be supportive.
- US Natgas JUN 24 up 2% at 2.57$/mmbtu
- US Natgas NOV 24 up 1.5% at 3.23$/mmbtu
- US domestic natural gas production was yesterday stronger at 101.3bcf/d according to Bloomberg.
- US terminal feedgas flows are today estimated at 13.39bcf/d according to Bloomberg, the highest daily flow since mid-March.
- The latest 6–14-day NOAA forecast shows above normal temperatures expected on the Gulf Coast and in western areas but near or just slightly below normal in parts of the East coast and Midwest.
- Domestic natural gas demand is down today at 64.862bcf/d according to Bloomberg.
- Export flows to Mexico are up slightly today at around 6.768 bcf/d and are slightly above the 20-day moving average of 6.743 bcf/d.
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