Free Trial

Henry Hub Recovers Ground After Below Normal Storage Build

NATGAS

US Henry Hub front month regains from of the small earlier losses after a larger than expected US storage build but below the seasonal normal.

  • US Natgas OCT 23 down -0.1% at 2.79$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 25 Aug showed a build of +32bcf compared to a Bloomberg survey expecting a +27bcf build and the 5-year average for this time of year of +53bcf.
  • The surplus in total US inventories has narrowed slightly in recent weeks but stocks are still above the five year average at 3,115bcf compared to the average of 2,854bcf.


Source: EIA

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.