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Henry Hub Regains Some Losses

NATURAL GAS

Henry Hub front month continues to trend lower on the day but has regained some of its earlier losses after hitting an intraday low of $2.389/MMBtu. Global gas markets are watching for the impact of disruption to Red Sea traffic as European prices fall back to correct the surge seen yesterday.

  • US Natgas JAN 24 down -1.4% at 2.47$/mmbtu
  • US Natgas JUN 24 down -3% at 2.47$/mmbtu
  • US natural gas production was yesterday still high at 104.8bcf/d according to Bloomberg and in line with the previous week but below the record levels seen on Dec 8 at 106.47bcf/d.
  • Natural gas demand has increased back towards normal to 97.4bcf/d today according to Bloomberg.
  • The weather forecast still shows above normal temperatures for the coming ten days but could dip back towards normal in the last couple of days of December especially in the south.
  • Feedgas supplies to US LNG export terminals are today still near the record highs up at 15.0bcf/d again today according to Bloomberg.
  • Export flows to Mexico are today back up slightly to 5.54bcf/d according to Bloomberg.
Energy BulletsCommodities
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