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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 continues to see limited gains today after a rally yesterday following the smaller than expected build in US storage inventories and with higher LNG export supplies.
- US Natgas NOV 23 up 0.7% at 3.19$/mmbtu
- US Natgas APR 24 up 1.8% at 3.21$/mmbtu
- US Natgas OCT 24 up 1.5% at 3.51$/mmbtu
- The latest EIA weekly gas inventories for the week ending 29 Sep showed build of +86bcf compared to the five-year average for this time of year of +101bcf. The total US inventories surplus has closed slightly again this week but stocks are still above normal at 3,445bcf compared to the average of 3,243bcf.
- Natural gas deliveries to US LNG export terminals have increased today up to 13.2bcf/d according to Bloomberg driven by an increase in supply to Sabine Pass and Freeport.
- Domestic natural gas demand has fallen to 64.8bcf/d today according to Bloomberg but in line with the previous five year average for the time of year. The latest weather forecast has turned cooler since yesterday with above normal still holding on in the west but with temperatures below normal expected in eastern areas in the 8-14 day period according to NOAA.
- US domestic natural gas production is holding steady around 101bcf/d according to Bloomberg and roughly in line with output seen this time last year.
- Export flows to Mexico are almost unchanged today at 7.18bcf/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.
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