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Henry Hub Slides

NATURAL GAS

US Henry Hub is now trading lower on the day during US hours, relinquishing some gains made during European afternoon trading.

  • US natural gas is facing downward pressure from strong domestic production, healthy storage levels and forecasts for warmer weather in the near term which should squeeze demand.
  • US Natgas JAN 24 down -1% at 2.81$/mmbtu
  • US Natgas JUN 24 down -1.3% at 2.81$/mmbtu
  • US lower 48 natural gas demand is estimated down from the recent peak today to 97.5bcf/d according to Bloomberg.
  • The NOAA forecast shows above normal temperatures across central and western areas in the 6–14-day period but near normal on the East Coast.
  • Feedgas flows to US LNG export terminals are today estimated back up to 14.4bcf/d according to Bloomberg with a recovery in Sabine Pass.
  • Domestic natural gas production was yesterday still strong at 105.3bcf/d but below the record high of 106.5bcf/d the previous day.
  • Export flows to Mexico are today up to 6.1bcf/d according to Bloomberg.
Energy BulletsCommodities
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