Free Trial
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.
NATGAS
US Henry Hub front month is extending the pull back from late last week with a warm weather forecast and strong production offsetting an increase in LNG terminal feedgas flows while natural gas storage levels remain above normal.
- US Natgas NOV 23 down -2.8% at 3.15$/mmbtu
- US Natgas APR 24 down -1.8% at 3.2$/mmbtu
- US Natgas OCT 24 down -1.5% at 3.53$/mmbtu
- Natural gas deliveries to US LNG export facilities are today estimated up to the highest since April at 14.4bcf/d according to Bloomberg amid strong supplies to Sabine Pass relative to the flows seen in recent months.
- US domestic natural gas demand is still holding above the seasonal five year average at 72.9bcf/d today according to Bloomberg but with the two week forecast generally showing slightly above normal temperatures. Below normal temperatures in eastern areas in the coming days are forecast to warm back towards normal from mid next week as warm weather in the west spreads across the country.
- US domestic natural gas production is today estimated up at 102.9bcf/d according to Bloomberg having reached a new high of 103.6bcf/d yesterday. The Baker Hughes rig count on Friday showed US gas rigs holding relatively steady at 117 ahead of the updated EIA drilling productivity report for November due for release later today.
- Export flows to Mexico are slightly down from last week at 6.1bcf/d.
Source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok