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Henry Hub Edging Down

NATGAS
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Henry Hub front month is down again today. Cooling weather in the Midwest and East Coast, coupled with slightly lower export flows to LNG facilities and Mexico offset higher domestic demand and lower production.

  • US Natgas JUL 24 down 0.9% at 2.55$/mmbtu
  • US Natgas DEC 24 down 0.4% at 3.51$/mmbtu
  • EIA data for the week to May 17 showed an injection of 84bcf compared to expectations of +74-78 bcf and below the seasonal normal of +104bcf.
  • US storage inventories continue to hold a strong surplus with total stocks at 2,795bcf. The five-year average is 2,209 bcf.
  • The NOAA 6–14-day forecast shows continued above normal temperatures across the western US, although a further expanded region of below normal temperatures across the Midwest and east coast.
  • Lower 48 natural gas production is down today at 99.376 bcf/d, compared to 99.744 bcf/d the previous day.
  • Natural gas deliveries to US LNG terminals are at 13.698bcf/d today May 31, down from 13.745bcf/d yesterday.
  • Domestic natural gas demand is at 66.65 bcf/d/d according to Bloomberg, slightly up on the day.
  • Export flows to Mexico are down today at around 6.592 bcf/d.
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Henry Hub front month is down again today. Cooling weather in the Midwest and East Coast, coupled with slightly lower export flows to LNG facilities and Mexico offset higher domestic demand and lower production.

  • US Natgas JUL 24 down 0.9% at 2.55$/mmbtu
  • US Natgas DEC 24 down 0.4% at 3.51$/mmbtu
  • EIA data for the week to May 17 showed an injection of 84bcf compared to expectations of +74-78 bcf and below the seasonal normal of +104bcf.
  • US storage inventories continue to hold a strong surplus with total stocks at 2,795bcf. The five-year average is 2,209 bcf.
  • The NOAA 6–14-day forecast shows continued above normal temperatures across the western US, although a further expanded region of below normal temperatures across the Midwest and east coast.
  • Lower 48 natural gas production is down today at 99.376 bcf/d, compared to 99.744 bcf/d the previous day.
  • Natural gas deliveries to US LNG terminals are at 13.698bcf/d today May 31, down from 13.745bcf/d yesterday.
  • Domestic natural gas demand is at 66.65 bcf/d/d according to Bloomberg, slightly up on the day.
  • Export flows to Mexico are down today at around 6.592 bcf/d.