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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}{5i} US Henry Hub remains relatively unchanged in reaction to a slightly larger than expected draw in the latest EIA US weekly storage data. Front month is still up on the day but has pulled back from a high of 2.884$/mmbtu earlier today.
- US Natgas FEB 24 up 2.5% at 2.71$/mmbtu
- US Natgas JUL 24 down -0.9% at 2.65$/mmbtu
- US Natgas JAN 25 down -0.8% at 3.92$/mmbtu
- The EIA weekly gas inventories for the week ending Jan 19 showed a draw of -326bcf compared to the expectation for a draw of -319bcf according to a Bloomberg survey and the seasonal normal draw of -149bcf.
- Despite the large draw the total US inventories of 2,856bcf remain above the previous five year average of 2,730bcf.
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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