CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Henry Hub Dropping

NATURAL GAS

US Henry Hub is furthering Friday’s fall during US hours today, with above average weather forecasts across much of the US in the coming weeks, coupled with record production levels adding downside to prices. Henry Hub is down around 3% over the last five days and 2.5% on the month.

  • US Natgas DEC 23 down -7.5% at 3.25$/mmbtu
  • US Natgas MAY 24 down -4.3% at 3.16$/mmbtu
  • US Natgas NOV 24 down -2.1% at 3.84$/mmbtu
  • US Natgas 1-2 spread down 0$/mmbtu at -0.31$/mmbtu.
  • Domestic natural gas production was yesterday at 104.5bcf/d after reaching a new record of 105.5bcf/d on 4 Nov according to Bloomberg compared to around 99.2bcf/d in early November last year.
  • US natural gas demand is today near normal at 74.4bcf/d according to Bloomberg. Near or slightly above normal temperatures are expected in the 6-14 day forecast warming to above normal for most areas except the west coast in the 8–14-day period according to NOAA.
  • Feedgas delivery flows to US LNG export facilities are today back up to 14.05bcf/d according to Bloomberg after falling to 13.2bcf/d yesterday due to a drop in supply to Freeport while Sabine Pass supply has drifted back lower so far in November.
  • Export flows to Mexico are today still near the lowest since May at 5.52bcf/d today.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.