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Why MNI
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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.
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Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Henry Hub Erases Gains
Henry Hub has erased most of its daily gains to move rangebound as EIA data showing a storage draw in line with market expectations and below average for this time of year. Front month briefly moved negative on the day.
- US Natgas JAN 24 up 0% at 2.34$/mmbtu
- US Natgas JUN 24 up 0.9% at 2.48$/mmbtu
- The EIA weekly gas inventories for the week ending Dec 8 showed a draw of -55bcf compared to the expectation for a draw of -56bcf according to a Bloomberg survey.
- The total US inventories remain well above season normal levels at 3,664bcf compared to the average of 3,404bcf.
- The NOAA weather forecast has been slightly adjusted with most of the US seeing above normal temperatures throughout this month.
- Feedgas flows to US LNG export terminal is down today to 14.09bcf/d, from 14.55bcf/d yesterday and below the 30-day moving average of 14.40bcf/d as flows to Corpus Christi dripped further to 1.60 bcf/d.
- Domestic natural gas production has dipped down to 104.32bcf/d according to Bloomberg.
- Lower 48 natural gas demand rose above the five-year range to 98.05bcf/d.
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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.