Free Trial
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.
NATGAS
US Henry Hub is stronger in reaction to a larger than expected draw in US gas storage inventories according to the latest EIA data.
- The EIA weekly gas inventories for the week ending Mar. 8 showed a draw of 9bcf compared to the expectation for a draw of 2bcf according to a Bloomberg survey and the seasonal normal draw of -99bcf.
- The smaller than normal draw is driven by the recent warm weather and is maintaining a strong US inventory surplus towards the end of the winter heating season. Total stocks are at 2,325bcf compared to the previous five year average of 1,688bcf.
- US Natgas APR 24 up 2.3% at 1.7$/mmbtu
- US Natgas SEP 24 up 1.4% at 2.51$/mmbtu
- US Natgas MAR 25 up 0.5% at 3.22$/mmbtu
Source: EIA
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok