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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.
NATGAS
US Henry Hub extends the earlier decline after a smaller than normal storage withdrawal but roughly line with expectation according to the latest weekly EIA data.
- The EIA weekly gas inventories for the week ending Feb 16 showed a draw of -60bcf compared to the expectation for a draw of -59bcf according to a Bloomberg survey and the seasonal normal draw of -153bcf.
- The small draw driven by the recent warm weather is maintaining a strong US inventory surplus towards the end of the winter heating season. Total stocks are at 2,470bcf compared to the previous five year average of 2,061cf.
- US Natgas MAR 24 down -4.1% at 1.7$/mmbtu
- US Natgas AUG 24 down -1.4% at 2.45$/mmbtu
- US Natgas FEB 25 down -0.7% at 3.5$/mmbtu
Source: EIA
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.
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