MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

US EIA:NAT GAS STORAGE +50 BCF TO 2,333 BCF APR 12 WK

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Henry Hub Extends Decline After EIA Build Yesterday

NATGAS

US Henry Hub extends the trend lower this week with steady supplies and LNG exports while storage remains high after an above normal build showing in data yesterday.

    • US Natgas JUN 23 down -2.9% at 2.24$/mmbtu
  • EIA weekly gas inventories for the week ending 19 May release yesterday showed a larger than normal build of +96bcf compared to the 5-year average for this time of year of +86bcf although just below market expectations. Total US inventories are still above the five year average at 2,336bcf compared to the average of 1,961bcf.
  • Domestic production is today estimated at 100.4bcf/d compared to an average of 100.7bcf/d so far this month.
  • The latest two week US weather forecast is slightly cooler across the US in the 8-14 day period with below normal temperatures showing in the south but above normal still in the north. Domestic demand is estimated down from yesterday at 63.6bcf/d today according to Bloomberg but remains above the five year average.
  • Delivery flows to the US LNG export terminals are estimated slightly higher at 13.5bcf/d according to Bloomberg with increased supplies to Corpus Christi.
  • Export flows to Mexico are today estimated at 6.7bcf/d.
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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.