MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Henry Hub Erases Earlier Gains

NATGAS
Energy BulletsCommodities

Henry Hub has reversed earlier gains on the day to be trading lower, with pressure from expectations of falling heating demand and already high stock levels.

  • US Natgas MAY 24 down 0.5% at 1.85$/mmbtu
  • US domestic natural gas production was lower again yesterday at 99.2bcf/d having fallen from just over 101bcf/d on March 31.
  • Feedgas flow to US LNG export terminals are today estimated up to 12.73bcf/d after falling to a recent low of 11.36bcf/d yesterday according to Bloomberg. The increase is driven by a recovery in both Sabine Pass and Corpus Christi flows.
  • Lower 48 natural gas demand is still above normal with today estimated at 80.9bcf/d according to Bloomberg.
  • The US forecast shows as generally warming trend which will help to limit heating demand.
  • Export flows to Mexico continue to recover up to 5.9bcf/d today after falling below 5bcf/d late last week according to Bloomberg.
147 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 has reversed earlier gains on the day to be trading lower, with pressure from expectations of falling heating demand and already high stock levels.

  • US Natgas MAY 24 down 0.5% at 1.85$/mmbtu
  • US domestic natural gas production was lower again yesterday at 99.2bcf/d having fallen from just over 101bcf/d on March 31.
  • Feedgas flow to US LNG export terminals are today estimated up to 12.73bcf/d after falling to a recent low of 11.36bcf/d yesterday according to Bloomberg. The increase is driven by a recovery in both Sabine Pass and Corpus Christi flows.
  • Lower 48 natural gas demand is still above normal with today estimated at 80.9bcf/d according to Bloomberg.
  • The US forecast shows as generally warming trend which will help to limit heating demand.
  • Export flows to Mexico continue to recover up to 5.9bcf/d today after falling below 5bcf/d late last week according to Bloomberg.