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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.
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Free AccessMNI Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
Henry Hub Steady as Higher LNG Exports Offset Warmer Forecast
US Natgas is trading near to the previous close levels with a higher LNG exports offset by a slightly warmer weather forecast.
- US Natgas APR 23 up 0.6% at 2.62$/mmbtu
- Pipeline deliveries to the US LNG export terminals are today estimated up to 13.37bcf/d according to Bloomberg with Freeport flows back up to 0.98bcf/d after a dip down to 0.4bcf/d yesterday.
- US production has been steady around 100bcf/d so far this month with output down from around 100.7bcf/d in the second half of February. EIA yesterday updated their US shale output to show increasing production from March to April by 419mmcf/d to 96.62bcf/d.
- The latest NOAA weather forecast shows milder temperatures in eastern areas of the US in the 8-14 day period but the below normal is lingering in the west. Domestic demand is today above normal at 92.5bcf/d compared to the five year average of around 80bcf/d.
- Exports to Mexico have dipped from levels seen last week down to 4.6bcf/d according to Bloomberg data.
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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.