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Henry Hub Rises On Warm Forecast

NATURAL GAS

US Henry Hub front month is gaining ground today as an upward revision in temperatures is likely to boost cooling demand in the coming two weeks.

  • US Natgas AUG 23 up 3.6% at 2.67$/mmbtu
  • The latest US 8-14 day weather forecast sees an upward revision in temperatures from Friday’s forecast with most of the US experiencing above-average temperatures for the coming two weeks. Domestic demand has risen above the 2018-22 average and stood at 71.87bcf/d on 9 July.
  • US production has risen 102.41bcf/d today, compared with the 2018-22 average of 87.791bcf/d.
  • Export flows to Mexico edged down to 6.84bcf/d today.
  • Delivery flows to the US LNG export terminals have modestly increased from yesterday to 12.82bcf/d amid higher flows to the Freeport LNG and Sabine Pass terminals according to Bloomberg.

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