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Henry Hub Continues Trading Higher

NATGAS
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Henry Hub has pared some gains but continues trading higher on the day after EIA data showed the first summer draw in gas inventories in eight years.

  • US Natgas SEP 24 up 0.7% at 2.24$/mmbtu
  • US Natgas FEB 25 down 0.1% at 3.41$/mmbtu
  • The EIA weekly gas inventories for the week ending Aug. 9 showed a draw of 6 bcf compared to the expectation for an injection of 3 bcf according to a Bloomberg survey and the seasonal normal injection of about 39 bcf.
  • US storage inventories however still hold a robust surplus of 375 bcf, although it has shrunk in 12 of the last 13 weeks.
  • Total stocks are now at 3,264 bcf compared to the previous five-year average of 2,889 bcf.
  • US LNG export terminal feedgas flows recover further to 12.74bcf/d today, according to Bloomberg.
  • US domestic natural gas production was relatively unchanged again at 101.5bcf/d yesterday according to Bloomberg.
  • Domestic natural gas demand is today up to 77.0bcf/d and near the upper end of the previous five-year range, according to Bloomberg.
  • The lower 48 weather forecast shows temperatures easing slightly lower over the coming week before rising again later in the month.
  • Export flows to Mexico are today slightly lower to 6.82bcf/d according to Bloomberg.
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Henry Hub has pared some gains but continues trading higher on the day after EIA data showed the first summer draw in gas inventories in eight years.

  • US Natgas SEP 24 up 0.7% at 2.24$/mmbtu
  • US Natgas FEB 25 down 0.1% at 3.41$/mmbtu
  • The EIA weekly gas inventories for the week ending Aug. 9 showed a draw of 6 bcf compared to the expectation for an injection of 3 bcf according to a Bloomberg survey and the seasonal normal injection of about 39 bcf.
  • US storage inventories however still hold a robust surplus of 375 bcf, although it has shrunk in 12 of the last 13 weeks.
  • Total stocks are now at 3,264 bcf compared to the previous five-year average of 2,889 bcf.
  • US LNG export terminal feedgas flows recover further to 12.74bcf/d today, according to Bloomberg.
  • US domestic natural gas production was relatively unchanged again at 101.5bcf/d yesterday according to Bloomberg.
  • Domestic natural gas demand is today up to 77.0bcf/d and near the upper end of the previous five-year range, according to Bloomberg.
  • The lower 48 weather forecast shows temperatures easing slightly lower over the coming week before rising again later in the month.
  • Export flows to Mexico are today slightly lower to 6.82bcf/d according to Bloomberg.