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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 declines after a smaller than normal storage withdrawal but in line with expectation according to the latest weekly EIA data.
- US Natgas MAR 24 down -1.9% at 1.93$/mmbtu
- US Natgas AUG 24 down -0.9% at 2.44$/mmbtu
- US Natgas FEB 25 down -0.4% at 3.53$/mmbtu
- The EIA weekly gas inventories for the week ending Feb 2 showed a draw of -75bcf compared to the expectation for a draw of -75bcf according to a Bloomberg survey and the seasonal normal draw of -201bcf.
- The small draw driven by the switch to warmer weather at the end of January has helped rebuild the US inventories surplus which had been falling in the previous weeks. Total stocks are at 2,584bcf compared to the previous five year average of 2,345cf.
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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