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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 is extending the pull back from yesterday with a warm weather outlook expected to weigh on domestic demand.
- US Natgas DEC 23 down -1.8% at 3.43$/mmbtu
- US Natgas MAY 24 down -0.9% at 3.22$/mmbtu
- US Natgas NOV 24 down -0.6% at 3.86$/mmbtu
- US natural gas demand is today down slightly to 85.3bcf/d according to Bloomberg compared to the seasonal normal of around 75bcf/d. The latest NOAA forecast is showing above normal temperatures across much of the country in the 6-14 day period.
- Natural gas delivery flows to US LNG export facilities are near the record highs seen in April with today estimated at 14.7bcf/d according to Bloomberg with supplies to Sabine Pass, Freeport and Corpus Christi near highs from earlier this year.
- Domestic natural gas production remains strong at 103.0bcf/d yesterday compared to output of around 100bcf/d this time last year.
- Export flows to Mexico are today estimated down further to 5.25bcf/d compared to an average of 6.46bcf/d in October.
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.
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