MNI: PBOC Net Injects CNY116.4 Bln via OMO Monday

MNI: China CFETS Yuan Index Down 0.21% In Week of Nov 8

MNI BRIEF: PBOC Has Room For More Easing : Research Head

MNI: PBOC Sets Yuan Parity Higher At 7.1786 Mon; +1.55% Y/Y

CHINA PBOC CONDUCTS CNY133.7 BLN VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1786 MON VS 7.1433

MNI BRIEF: China Oct CPI Slows For 2nd Month To 0.3% Y/Y

EZ/UK Bond Supply Calendar: NE, UK, DE Auction on Tuesday

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Henry Hub Rises on Weather, Lower Output

NATURAL GAS

Front month Henry Hub is trading higher but remains well below yesterday's high of $2.675/mmbtu, as a slight dip in production and forecasts for cooler weather are weighed against lower feedgas flows to US LNG terminals.

    • US Natgas FEB 24 up 1.9% at 2.62$/mmbtu
    • US Natgas JUL 24 up 1.1% at 2.75$/mmbtu
    • US Natgas JAN 25 up 0.5% at 3.86$/mmbtu
  • Lower 48 natural gas demand is relatively unchanged on the day at 98.06bcf/d but well above the five-year average of 93.8bcf/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 today fell to 103.69bcf/d, down from 104.97bcf/d yesterday and below the 30-day moving average of 105.05bcf/d.
  • Feedgas supplies to US LNG export terminals are down to 14.02bcf/d, from 14.72bcf/d yesterday and below the 30-day moving average of 14.63bcf/d. The drop in deliveries is due to a decline in flows to the Sabine Pass terminal to 4.32bcf/d, from 4.97bcf/d according to Bloomberg.
  • Export flows to Mexico are today at 5.199bcf/d according to Bloomberg.
Energy BulletsCommodities
Energy BulletsCommodities

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.