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Henry Hub Extends Decline After Expected EIA Build

NATGAS

US Henry Hub extends losses after updated EIA storage data showed a build approximately in line with expectation but below normal.

  • US Natgas AUG 23 down -4.8% at 2.54$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 21 July showed a build of +16bcf compared to expectation of a +15bcf build and the 5-year average for this time of year of +32bcf.
  • Total US inventories are still above the five year average at 2,987bcf compared to the average of 2,630bcf.


Source: EIA

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