CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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 Holds Near Highs Ahead of EIA Storage Data

NATGAS

Henry Hub front month is holding just below the high of $2.851/mmbtu seen yesterday ahead of the updated EIA weekly natural gas storage data with little change in market fundamentals on the day.

  • The EIA weekly gas inventories for the week ending May 17 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a build of 85bcf according to a Bloomberg survey following a build of 70bcf the previous week. The seasonal normal is a build of around 90bcf.
  • US domestic natural gas production was yesterday estimated up slightly to 100.1bcf/d according to Bloomberg but still slightly below levels seen this time last year.
  • US terminal feedgas flows are today estimated almost unchanged on the day at 12.93bcf/d according to Bloomberg with flows to Sabine Pass and Cameron still below normal levels.
  • Domestic natural gas demand is today at 65.8bcf/d according to Bloomberg compared to the seasonal normal of around 62bcf/d. The latest 6-14 day NOAA forecast is relatively unchanged on the day with above normal temperatures expected on the Gulf Coast and in western areas but near or just slightly below normal forecast elsewhere.
  • Export flows to Mexico are at 6.5bcf/d today according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was the highest since late Feb. at 791k on May 22.
    • US Natgas JUN 24 down 1.6% at 2.8$/mmbtu
    • US Natgas NOV 24 down 1% at 3.33$/mmbtu
    • US Natgas MAY 25 down 0.4% at 3.19$/mmbtu
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets

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.