MNI BRIEF: Fed Banks Unanimous On Steady Discount Rate-Minutes

MNI BRIEF: Powell - Immigration Has Neutral Inflation Impact Over Long Run

MNI China Daily Summary: Tuesday, July 9

MNI BRIEF: Mexico Inflation 4.98% In June, Above Consensus

CORRECTED-MNI: China H2 Steel Outlook Subdued

MNI BOK WATCH: Slowing Inflation Puts Q4 Cut In Sight

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: 12/14-Year Bund Auction on Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction On Wednesday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Henry Hub Falls to One-Month Low

NATGAS
Energy BulletsCommodities

Henry Hub front month has fallen to the lowest since 26 March weighed on by the delayed restart of the Freeport LNG terminal, storage levels well above the seasonal normal and above normal weather.

    • US Natgas MAY 24 down 6.5% at 1.53$/mmbtu
    • US Natgas OCT 24 down 1.4% at 2.54$/mmbtu
    • US Natgas APR 25 down 0.2% at 3.06$/mmbtu
  • Feedgas flows to US LNG terminals were slightly up on the day at 12.18bcf/d, compared from a revised 11.74bcf/d yesterday according to Bloomberg. Flows to the Freeport LNG are estimated at 0.08bcf/d on Friday, compared with 0.02bcf/d, suggesting all three trains are still offline. The US Freeport LNG export terminal reported a trip on the third liquefaction train according to a TCEQ filing Wednesday. Feedgas flows to Corpus Christi rebounded today while flows to Sabine Pass remain lower at 4.66bcf/d today.
  • The EIA weekly gas inventories for the week ending Apr. 19 showed yesterday an injection of 92bcf compared to the expectation for an injection of 89bcf according to a Bloomberg survey and the seasonal normal injection of 58bcf. Gas stocks are now at 2,425 bcf, compared to the five-year average of 1,770 bcf.
  • US domestic natural gas production is slightly up on the day at 98.63bcf/d, up from 97.942bcf/d yesterday.
  • Natural gas demand remains above the seasonal normal today at 69.731bcf/d, slightly down from 71.61bcf/d yesterday.
  • The latest 6-10 weather forecasts is broadly unchanged on the day with most of the US seeing above-normal temperatures, with below-average temperatures on parts of the US West Coast.
  • Export flows to Mexico are today at 6.56bcf/d according to Bloomberg.
263 words

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.

Henry Hub front month has fallen to the lowest since 26 March weighed on by the delayed restart of the Freeport LNG terminal, storage levels well above the seasonal normal and above normal weather.

    • US Natgas MAY 24 down 6.5% at 1.53$/mmbtu
    • US Natgas OCT 24 down 1.4% at 2.54$/mmbtu
    • US Natgas APR 25 down 0.2% at 3.06$/mmbtu
  • Feedgas flows to US LNG terminals were slightly up on the day at 12.18bcf/d, compared from a revised 11.74bcf/d yesterday according to Bloomberg. Flows to the Freeport LNG are estimated at 0.08bcf/d on Friday, compared with 0.02bcf/d, suggesting all three trains are still offline. The US Freeport LNG export terminal reported a trip on the third liquefaction train according to a TCEQ filing Wednesday. Feedgas flows to Corpus Christi rebounded today while flows to Sabine Pass remain lower at 4.66bcf/d today.
  • The EIA weekly gas inventories for the week ending Apr. 19 showed yesterday an injection of 92bcf compared to the expectation for an injection of 89bcf according to a Bloomberg survey and the seasonal normal injection of 58bcf. Gas stocks are now at 2,425 bcf, compared to the five-year average of 1,770 bcf.
  • US domestic natural gas production is slightly up on the day at 98.63bcf/d, up from 97.942bcf/d yesterday.
  • Natural gas demand remains above the seasonal normal today at 69.731bcf/d, slightly down from 71.61bcf/d yesterday.
  • The latest 6-10 weather forecasts is broadly unchanged on the day with most of the US seeing above-normal temperatures, with below-average temperatures on parts of the US West Coast.
  • Export flows to Mexico are today at 6.56bcf/d according to Bloomberg.