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Henry Hub Narrows Losses

NATURAL GAS

Henry Hub has reduced its losses on the day, although continues to be trading slightly lower. Front month has been choppy during the day, trading between $1.891/MMBtu and $1.946/MMBtu.

  • US Natgas APR 24 unchanged at 1.92$/mmbtu
  • US Natgas SEP 24 down -0.2% at 2.62$/mmbtu
  • US domestic natural gas production was yesterday at 101.0bcf/d according to Bloomberg after seeing a steady decline from around 105bcf/d on Feb.7.
  • Uncertainty over the strength of US producer output this year has helped support Henry Hub prices after falling to a low in mid-February.
  • Feedgas flows to US LNG export terminals are today down to 12.8bcf/d according to Bloomberg.
  • Lower 48 natural gas demand is estimated at 77.0bcf/d today to remain below the seasonal five-year average of around 86bcf/d.

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