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NATGAS: Henry Hub Eases Back

NATGAS
Energy BulletsBulletPower BulletsCommodities

Henry Hub has erased earlier gains to be trading lower on the day but remains around levels not seen since June. 28.

  • US Natgas OCT 24 down 1.3% at 2.58$/mmbtu
  • US Natgas MAR 25 down 1.3% at 3.07$/mmbtu
  • A tropical disturbance is expected to develop into a major hurricane before approaching the northeastern US Gulf Coast on Thursday. Oil and gas producers BP, Chevron, Equinor and Shell are evacuating staff from some US Gulf of Mexico facilities, and several have paused production.
  • Domestic natural gas demand is up at 72.7bcf/d today, according to Bloomberg, to remain above the seasonal normal. The NOAA weather forecast still shows mostly above normal temperatures expected across the lower 48 states through the 6-14 day period.
  • US domestic natural gas production was yesterday up slightly to 101.2bcf/d to hold in line with the average seen so far this month, according to Bloomberg.
  • Feedgas flow to US LNG export terminals was down further on the day to 11.70bcf/d today with a small decline to Sabine Pass and Calcasieu Pass to add to the planned maintenance at Cover Point.
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Henry Hub has erased earlier gains to be trading lower on the day but remains around levels not seen since June. 28.

  • US Natgas OCT 24 down 1.3% at 2.58$/mmbtu
  • US Natgas MAR 25 down 1.3% at 3.07$/mmbtu
  • A tropical disturbance is expected to develop into a major hurricane before approaching the northeastern US Gulf Coast on Thursday. Oil and gas producers BP, Chevron, Equinor and Shell are evacuating staff from some US Gulf of Mexico facilities, and several have paused production.
  • Domestic natural gas demand is up at 72.7bcf/d today, according to Bloomberg, to remain above the seasonal normal. The NOAA weather forecast still shows mostly above normal temperatures expected across the lower 48 states through the 6-14 day period.
  • US domestic natural gas production was yesterday up slightly to 101.2bcf/d to hold in line with the average seen so far this month, according to Bloomberg.
  • Feedgas flow to US LNG export terminals was down further on the day to 11.70bcf/d today with a small decline to Sabine Pass and Calcasieu Pass to add to the planned maintenance at Cover Point.