MNI BRIEF: Fed’s Barr Sees More Disinflation After Jan. ‘Bump’

MNI BRIEF: Fed Rates Need To Stay Restrictive - Daly

MNI BRIEF: Big Disinflation Risk From China -ECB's Cipollone

MNI China Daily Summary: Tuesday, February 18

MNI BRIEF: NDRC To Support Private Sector

MNI: PBOC Net Drains CNY484.1 Bln via OMO Tuesday

MNI: US TSY TICS NET FLOWS IN DEC +$87.1B

EZ/UK Bond Supply Calendar: IT Piu; UK, DE Due Wednesday

EZ/UK T-Bill Calendar: Greece, Portugal, EU Due on Wednesday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US NATGAS: Henry Hub Rallies Further After EIA Storage Data

US NATGAS
USEnergy BulletsNorth AmericaBulletCommodities

Henry Hub front month extends the earlier gains after the updated US natural gas storage data from EIA.

  • The EIA weekly gas inventories for the week ending Feb. 7 showed a withdrawal of 100bcf.
  • A Bloomberg survey average suggested a draw of 96bcf on the week while a Reuters survey showed a 106bcf draw and WSJ a 96bcf draw.
  • The seasonal five year average was a net withdrawal of around 144bcf.
  • Total stocks are down to 2,297bcf and 248bcf below levels seen a year ago and 67bcf below the previous five year average of 2,364bcf.
    • US Natgas MAR 25 up 5.9% at 3.78$/mmbtu
    • US Natgas APR 25 up 5.3% at 3.76$/mmbtu
    • US Natgas FEB 26 up 1.5% at 4.62$/mmbtu

 

Keep reading...Show less
115 words

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.

Henry Hub front month extends the earlier gains after the updated US natural gas storage data from EIA.

  • The EIA weekly gas inventories for the week ending Feb. 7 showed a withdrawal of 100bcf.
  • A Bloomberg survey average suggested a draw of 96bcf on the week while a Reuters survey showed a 106bcf draw and WSJ a 96bcf draw.
  • The seasonal five year average was a net withdrawal of around 144bcf.
  • Total stocks are down to 2,297bcf and 248bcf below levels seen a year ago and 67bcf below the previous five year average of 2,364bcf.
    • US Natgas MAR 25 up 5.9% at 3.78$/mmbtu
    • US Natgas APR 25 up 5.3% at 3.76$/mmbtu
    • US Natgas FEB 26 up 1.5% at 4.62$/mmbtu

 

Keep reading...Show less