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Henry Hub Plummets

NATURAL GAS

US Henry Hub is down over 4% on the day as the larger than expected build in US gas storage inventories over the last two weeks drives prices to their lowest since Nov. 12. Prices remain around 0.5% up over the last five days.

  • Hery Hub is just slightly above the intraday low of $3.036/MMBtu.
  • US Natgas DEC 23 down -4.1% at 3.06$/mmbtu
  • US Natgas MAY 24 down -4.1% at 2.95$/mmbtu
  • The EIA weekly gas inventories for the week ending 10 Nov showed a build of +60bcf compared to Bloomberg survey average of a +41bcf build and the five-year average for this time of year of +24bcf.
  • The total US inventories remain above normal at the historical end of the injection season at 3,833bcf compared to the average of 3,634bcf.
  • Feedgas flows to US LNG export terminals are estimated slightly down on the day at 14.67bcf/d according to Bloomberg with a small drop in flows to Sabine Pass and Calcasieu Pass.
  • Domestic natural gas production dipped again slightly yesterday to 104.0bcf/d compared to up towards 106bcf/d at the start of the week.
  • Export flows to Mexico are today in line with the last couple of days at 5.4bcf/d.
Energy BulletsCommodities
Energy BulletsCommodities

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