CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

NATGAS: Henry Hub Continues Recovery

NATGAS
Energy BulletsBulletPower BulletsCommodities

Henry Hub is continuing its recovery seen yesterday as the market assesses the impact of Hurricane Francine in the US Gulf.

  • US Natgas OCT 24 up 3% at 2.3$/mmbtu
  • US Natgas MAR 25 up 0.5% at 2.92$/mmbtu
  • Hurricane Francine is due to make landfall today in Louisiana with Cameron LNG, Calcasieu Pass LNG and the Driftwood LNG development along the projected path. Freeport LNG said it had begun storm preparations at its Texas plant without providing details. About 26% of natural gas output in the Gulf of Mexico was offline due to the hurricane, BSEE said Sep. 11.
  • Total US LNG export terminal feedgas flows are today down to 11.7bcf/d, according to Bloomberg driven primarily by a drop in supply to Cameron and Calcasieu Pass ahead of the arrival of the hurricane.
  • Domestic natural gas demand edged up again to 71.9bcf/d today compared to the previous five-year seasonal average of around 68bcf/d.
  • Above normal temperatures are still expected to dominate over much of the US in the coming two weeks.
  • US domestic natural gas production was down to 100.0bcf/d yesterday, according to Bloomberg, compared to an average of 101.6bcf/d so far in September.
  • Reuters estimates that US natural gas storage saw a below-average build of 49 bcf last week.
202 words

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.

Henry Hub is continuing its recovery seen yesterday as the market assesses the impact of Hurricane Francine in the US Gulf.

  • US Natgas OCT 24 up 3% at 2.3$/mmbtu
  • US Natgas MAR 25 up 0.5% at 2.92$/mmbtu
  • Hurricane Francine is due to make landfall today in Louisiana with Cameron LNG, Calcasieu Pass LNG and the Driftwood LNG development along the projected path. Freeport LNG said it had begun storm preparations at its Texas plant without providing details. About 26% of natural gas output in the Gulf of Mexico was offline due to the hurricane, BSEE said Sep. 11.
  • Total US LNG export terminal feedgas flows are today down to 11.7bcf/d, according to Bloomberg driven primarily by a drop in supply to Cameron and Calcasieu Pass ahead of the arrival of the hurricane.
  • Domestic natural gas demand edged up again to 71.9bcf/d today compared to the previous five-year seasonal average of around 68bcf/d.
  • Above normal temperatures are still expected to dominate over much of the US in the coming two weeks.
  • US domestic natural gas production was down to 100.0bcf/d yesterday, according to Bloomberg, compared to an average of 101.6bcf/d so far in September.
  • Reuters estimates that US natural gas storage saw a below-average build of 49 bcf last week.