MNI BRIEF: Goolsbee Sees No `Last Mile' Inflation Problem

GOOLSBEE DOESN'T SEE EVIDENCE INFLATION IS STALLING OUT AT 3%

MNI BRIEF: US CRE, Consumer Loan Delinquencies Rising -Fed

MNI BRIEF: Brazil IPCA Inflation Decelerates to 3.69% in April

MNI BRIEF: CNB Concern At Upside Risk, April Minutes Show

MNI China Daily Summary: Friday, May 10

MNI: US APR TREASURY BUDGET 209.5B

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.86B BSL

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Higher LNG Demand Helps Support US Nat Gas Tumble

NATURAL GAS

US natural gas futures have jumped on forecasts for more demand next week than previously expected with rising amounts of gas flowing to LNG export plants.

  • The move reverses significant losses that have been driven by warmer temperatures that have decreased winter heating demand.
  • Freeport LNG’s export plant was on track to pull in about 2.0 billion cubic feet per day (bcfd) of gas on Friday, up from 1.5 bcfd on Thursday, according to data provider Refinitiv also supportive of prices.
  • Refinitiv said average gas output in the U.S. Lower 48 states rose to 98.6 bcfd so far in March, up from 98.1 bcfd in February. The monthly record is 99.9 bcfd in November 2022.
  • US Natgas MAY 23 up 4.1% at 2.19$/mmbtu.
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.