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Henry Hub Continues Weakening

NATURAL GAS

US natural gas prices have continued their fall during the day amid near record output and milder weather forecasts in the coming days which will likely soften heating demand.

  • US Natgas JAN 24 down -4.8% at 2.68$/mmbtu
  • US Natgas JUN 24 down -3.7% at 2.7$/mmbtu
  • Temperatures across much of the US are expected to hold above normal throughout the coming two-week period except for nearer to normal temperatures in Western areas in the 6-10 day period according to NOAA. US natural gas demand is just below the previous five year average at 88.75bcf/d according to Bloomberg.
  • Feedgas flows to US LNG export terminals are today estimated at 14.54bcf/d according to Bloomberg compared to an average of 14.18bcf/d seen in November. Flows have recovered from lows of 13.35 bcf/d the previous week as Sabine Pass’ intake returns to normal levels.
  • Domestic natural gas production increased over the weekend back up towards the record level of 106.5vcf/d seen on Nov 27 according to Bloomberg after the small dip late last week.
  • Export flows to Mexico are at 5.96bcf/d according to Bloomberg.
Energy BulletsCommodities
Energy BulletsCommodities

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