FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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 Hitting New Intraday Lows

NATURAL GAS

US Henry Hub is continuing its decline during US hours with its lowest level since Oct. 26. US natural gas prices have seen a sharp decline since the recent peak on Nov. 3. Warm weather across the eastern half of the US limiting is limiting domestic demand and putting pressure on prices.

  • US Natgas DEC 23 down -1.8% at 3.08$/mmbtu
  • The latest NOAA two-week outlook is showing above normal temperatures in central areas in the 6-14 days period shifting towards the east coast in the second week of the outlook. The west coast is holding near normal. US natural gas demand is higher today but still near normal at 77.8bcf/d according to Bloomberg.
  • Domestic natural gas production was yesterday slightly lower at 104.8bcf/d according to Bloomberg after reaching a record high at the weekend but still strong compared to an average of 102.7bcf/d in October.
  • Feedgas delivery flows to US LNG export facilities are again below the average from the last month at 13.6bcf/d today according to Bloomberg. Supply to the Sabine Pass terminal has recovered slightly but still below recent strong flows with a pipeline notice yesterday suggesting the supply reduction was due to maintenance expected through Tuesday.
  • Export flows to Mexico are today at 5.9bcf/d today after a dip lower over last weekend.
Energy BulletsCommodities
Energy BulletsCommodities

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.