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Henry Hub Loses Ground

NATGAS

Henry Hub prices are holding most of their losses today as high production levels continue to outweigh rising cooling demand during hotter weather.

  • US Natgas SEP 24 down 2.6% at 2.07$/mmbtu
  • US Natgas FEB 25 down 0.3% at 3.35$/mmbtu
  • Rising Middle East tensions are also supportive of the global gas complex.
  • US domestic natural gas production remains strong today estimated at 103.6bcf/d after rising to just below 104bcf/d yesterday and the highest since February, according to Bloomberg.
  • US LNG export terminal feedgas flows were yesterday estimated down slightly to 12.77bcf/d according to Bloomberg. No data is currently available for today.
  • Domestic lower 48 natural gas demand has risen again to 83.0bcf/d today with cooling demand boosted by hot weather across the US.
  • The latest NOAA forecast still shows above normal temperatures across most of the country throughout the coming two weeks although with cooler weather in the north in the 8–14-day period.

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