MNI BRIEF: Fed Banks Unanimous On Steady Discount Rate-Minutes

MNI BRIEF: Powell - Immigration Has Neutral Inflation Impact Over Long Run

MNI China Daily Summary: Tuesday, July 9

MNI BRIEF: Mexico Inflation 4.98% In June, Above Consensus

CORRECTED-MNI: China H2 Steel Outlook Subdued

MNI BOK WATCH: Slowing Inflation Puts Q4 Cut In Sight

MNI: JAPAN JUNE CORP GOODS PRICE INDEX +2.9% Y/Y; MAY REV +2.6%

Unemployment Rate Steady, Employment Growth Only Marginally Positive In Y/Y Terms

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Henry Hub Surging

NATURAL GAS

US Henry Hub front month has been surging during US hours, rising to its highest level since Oct. 18 as the below expected build in US natural gas storage inventories and falling temperatures boost prices.

  • US Natgas NOV 23 up 4.6% at 3.15$/mmbtu
  • US Natgas APR 24 up 1.8% at 3.15$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 13 October showed a build of +74bc, compared to a Bloomberg survey expecting +80.27bcf and the five-year average for time of year of +66bcf.
  • The total US inventories remain above normal at 3,700bcf as of 20 October, compared with the five-year normal at 3,517bcf.
  • The latest weather forecast is showing falling temperatures. Below average levels are expected for the central and Eastern USA in the next 6-10 days, before returning to near normal in the next 8-14 days.
  • US natural gas demand is estimated lower today below the five-year range to 65.86bcf/d, from 66.17bcf/d yesterday. T
  • Feedgas deliveries to US LNG export facilities rose on the day to 13.79bcf/, compared with 13.67bcf/d yesterday. Deliveries are above the 30-day moving average of 13.39bcf/d. Flows to Freepoint rose back 2.05bcf/d compared with the 30-day moving average of 1.83bcf/d according to Bloomberg.
  • Export flows to Mexico are today estimated at 6.77bcf/d.
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.