Free Trial

Henry Hub Hovers around Aug. 6 Lows

NATGAS

Henry Hub is falling to around the intraday lows of Aug. 6 amid cooling temperatures, weaker export flows to Mexico, and strong production.

  • US Natgas SEP 24 down 2.6% at 1.97$/mmbtu
  • US Natgas FEB 25 down 0.8% at 3.24$/mmbtu
  • Temperatures forecasts for 6-14 days ahead are showing colder temperatures, with much of the East Coast and Mid-West either near normal or below normal. There are above normal pockets in the Pacific region.
  • US domestic natural gas production was higher yesterday at 102.2bcf/d and compared to an average of 102.3bcf/d so far in August, according to Bloomberg.
  • US LNG export terminal feedgas flows are stable at 12.98 bcf/d today, according to Bloomberg with a small decrease from the 12.92 bcf/d yesterday.
  • Export flows to Mexico are today estimated to have fallen on the day at 6.62 bcf/d, compared to 6.7bcf/d yesterday, and the 20-day moving average of 7.011 bcf/d according to Bloomberg.

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.