December 23, 2024 14:12 GMT
NATGAS: Henry Hub Reverses Previous Rally
NATGAS
Henry Hub has reversed much of Friday’s rally but remains within the three-day trading range. Warmer weather, weaker demand, and lower flows to Mexico are offsetting a drop in production.
- US Natgas JAN 25 down 0.6% at 3.73$/mmbtu
- US Natgas FEB 25 down 0.6% at 3.39$/mmbtu
- US LNG export terminal feedgas supply is estimated at 14.14bcf/d today, BNEF shows.
- Lower 48 natural gas demand is lower today at 103.5bcf/d today, according to Bloomberg as temperatures rise in the coming days.
- The NOAA 6-14-day forecast continues to show above normal weather across the continental US.
- US domestic natural gas production is estimated at 104.26bcf/d yesterday, the lowest since Nov. 24.
- Export flows to Mexico have fallen to 5,68bcf/d today, the lowest since late November, according to Bloomberg.
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