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Henry Hub Rallies on Cold Weather Spreading Across US

NATGAS

Henry Hub front month rallies over 5% today with support from cold weather spreading across the US to maintain the general trend higher since a low of 2.235$/mmbtu on Dec 13.

    • US Natgas FEB 24 up 5.8% at 2.66$/mmbtu
    • US Natgas JUL 24 up 3.3% at 2.74$/mmbtu
    • US Natgas JAN 25 up 1.5% at 3.86$/mmbtu
  • Domestic natural gas demand is today estimated above normal at 97.7bcf/d according to Bloomberg. The latest weather forecast shows below normal temperatures spreading across from the west in the coming week but with above normal holding on the East Coast. Heating demand for the week to Jan 6 is forecast to be 31 HDD below the long term normal at 174 according to NOAA .
  • US natural gas production dipped in the last week to an average of around 104.6bcf/d according to Bloomberg compared to the average for the whole of December of over 105.1bcf/d.
  • Gas supplies to US LNG export terminals are down slightly on the day to 14.84bcf/d according to Bloomberg from the near record level of 15.1bcf/d on Dec 31.
  • Export flows to Mexico are today down to 4.87bcf/d according to Bloomberg.
Energy BulletsPower BulletsCommoditiesUS
Energy BulletsPower BulletsCommoditiesUS

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