TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

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 Edges Higher After Pull Back Yesterday

NATGAS

Henry Hub is edging higher after a small storage build yesterday amid strong domestic production and high demand but with a cooler weather forecast.

  • The EIA weekly gas inventories for the week ending July 26 showed a smaller than expected injection of 18bcf compared to the seasonal normal injection of about 34bcf. US storage inventories however still hold a strong surplus of 441bcf compared to the previous five year average of 2,808bcf.
  • US domestic natural gas production was yesterday estimated at 103.6bcf/d after rising to the highest since February at 104.3bcf/d on July 31, according to Bloomberg.
  • Domestic lower 48 natural gas demand has risen to the highest since March at 84.4bcf/d today, according to Bloomberg amid hot weather across the US. The latest 6-14 day NOAA forecast is however slightly cooler with temperatures in northern areas dropping back below normal.
  • US LNG export terminal feedgas flows are today at 13.13bcf/d according to Bloomberg with a 0.65bcf/d recovery in Sabine Pass supply after a dip lower yesterday.
  • Export flows to Mexico were yesterday at 6.55bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume rose yesterday to 503k.
    • US Natgas SEP 24 up 0.8% at 1.98$/mmbtu
    • US Natgas FEB 25 up 0.4% at 3.28$/mmbtu
    • US Natgas AUG 25 down 0% at 3.18$/mmbtu
Energy BulletsBulletPower BulletsCommodities
Energy BulletsBulletPower 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.