MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Henry Hub Trading Higher

NATURAL GAS

US Henry Hub is trading higher on the day, although has relinquished some earlier gains, as Middle East tensions, and higher LNG demand add support.

  • US Natgas NOV 23 up 0.2% at 3.38$/mmbtu
  • US Natgas APR 24 up 0.4% at 3.25$/mmbtu
  • US Natgas OCT 24 up 0% at 3.55$/mmbtu
  • US Natgas 1-2 spread down 0$/mmbtu at -0.27$/mmbtu

Demand for US LNG supplies may rise with uncertain Egypt export plans after gas production disruption due to the conflict in Israel. Feedgas flows to US LNG export facilities are today estimated at 13.3bcf/d according to Bloomberg with strong supplies to Sabine Pass and despite Cove Point LNG maintenance.

  • Feedgas intake into US LNG terminals has risen on the day to 4.856 bcf/d. Although below the 5.069 bcf/d registered Oct. 8, it remains the second highest daily intake since late April.
  • Domestic natural gas demand is holding above normal at 69.1bcf/d today according to Bloomberg with a mixed two week weather forecast. Below normal temperatures are expected in central and eastern areas in the 6-10 day period before warmer weather starts to spread in from the west into the second week of the outlook.
  • US domestic natural gas production was up to the highest since early September at 102.3bcf/d yesterday according to Bloomberg with output gradually recovering from slightly lower levels in recent weeks.
  • Export flows to Mexico are today estimated at 7.1bcf/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.