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Free AccessHenry Hub Rallies After 71bcf Gas Storage Build
US Henry Hub rallies back towards flat on the day after a slightly larger than expected injection into US natural gas storage last week according to the latest weekly EIA data.
- The EIA weekly gas inventories for the week ending June 14 showed an injection of 71bcf compared to the expectation for an injection of 70bcf according to a Bloomberg survey and the seasonal normal injection of 84bcf.
- US storage inventories continue to hold a strong surplus above the previous five year range, with total stocks at 3,045bcf compared to the previous five year average of 2,484bcf.
- US Natgas JUL 24 up 0.1% at 2.75$/mmbtu
- US Natgas DEC 24 unchanged at 3.77$/mmbtu
- US Natgas JUN 25 down 0.5% at 3.32$/mmbtu
Source: EIA
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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.