CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Henry Hub Falls Ahead of US Storage Data

NATGAS

US Henry Hub is falling again today ahead of the updated EIA inventory data due later today. Front month yesterday saw a drop to a low of 3.225$/mmbtu before recovering most of the losses by the end of the day.

    • US Natgas NOV 23 down -1.6% at 3.32$/mmbtu
    • US Natgas APR 24 down -0.9% at 3.25$/mmbtu
    • US Natgas OCT 24 down -0.5% at 3.56$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 6 Oct will be released this afternoon at 15:30BST. The expectation is for a build of +86bcf according to a Bloomberg survey compared to a build of +86bcf last week and the seasonal normal of +101bcf.
  • Feedgas flows to US LNG export facilities are today estimated at the highest since April at 13.93bcf/d according to Bloomberg boosted by the return of Cove Point LNG flows suggesting the end of maintenance.
  • Domestic natural gas demand is down near seasonal normal levels at 66.3bcf/d today according to Bloomberg. The latest NOAA forecast continues to show a mixed picture with below normal temperatures in eastern and Gulf Coast regions but above normal in the West Coast and Rocky Mountain regions in the 6-10 day and spreading further east later in the two week forecast.
  • US domestic natural gas production was yesterday estimated at 101.7bcf/d according to Bloomberg and just above average levels of 101.5bcf/d seen so far this month.
  • Export flows to Mexico are today estimated still above the five year average at 7.1bcf/d.
Energy BulletsPower BulletsCommoditiesUS
Energy BulletsPower 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.