MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Henry Hub Eases Back from Highest Since Jan Yesterday

NATGAS
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletUS

Henry Hub front month has pulled back from a high of $2.798/mmbtu yesterday driven by lower production levels year on year and recovering LNG feedgas supplies. Fundamentals are relatively unchanged on the day with high storage levels helping to limit upside pressures.

  • US domestic natural gas production was yesterday estimated unchanged at 99.9bcf/d according to Bloomberg and still below average output of 101bcf/d in May 2023.
  • US terminal feedgas flows are today estimated at 12.96bcf/d according to Bloomberg with flows to Sabine Pass and Cameron still below normal levels.
  • Domestic natural gas demand is today at 67.3bcf/d according to Bloomberg compared to the seasonal normal of just over 62bcf/d. The latest 6-14 day NOAA forecast continues to show above normal temperatures on the Gulf Coast and with western areas also turning warmer relative to the outlook yesterday.
  • Export flows to Mexico are healthy at 6.82bcf/d today according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was still strong at 623k on May 21.
    • US Natgas JUN 24 down 1.6% at 2.63$/mmbtu
    • US Natgas NOV 24 down 0.3% at 3.19$/mmbtu
    • US Natgas MAY 25 down 0.8% at 3.07$/mmbtu
186 words

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.

Henry Hub front month has pulled back from a high of $2.798/mmbtu yesterday driven by lower production levels year on year and recovering LNG feedgas supplies. Fundamentals are relatively unchanged on the day with high storage levels helping to limit upside pressures.

  • US domestic natural gas production was yesterday estimated unchanged at 99.9bcf/d according to Bloomberg and still below average output of 101bcf/d in May 2023.
  • US terminal feedgas flows are today estimated at 12.96bcf/d according to Bloomberg with flows to Sabine Pass and Cameron still below normal levels.
  • Domestic natural gas demand is today at 67.3bcf/d according to Bloomberg compared to the seasonal normal of just over 62bcf/d. The latest 6-14 day NOAA forecast continues to show above normal temperatures on the Gulf Coast and with western areas also turning warmer relative to the outlook yesterday.
  • Export flows to Mexico are healthy at 6.82bcf/d today according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was still strong at 623k on May 21.
    • US Natgas JUN 24 down 1.6% at 2.63$/mmbtu
    • US Natgas NOV 24 down 0.3% at 3.19$/mmbtu
    • US Natgas MAY 25 down 0.8% at 3.07$/mmbtu