MNI: EUROZONE DECEMBER CONSTRUCTION PMI 42.9 (NOV 42.7)

MNI China Press Digest Jan 7: CPI, New Loans, Local Bonds

MNI: PBOC Net Drains CNY150.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1879 Tues; -2.42% Y/Y

MNI China Daily Summary: Monday, January 6

MNI INTERVIEW2: China Central Gov Should Buy Unsold Houses

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.6%

MNI: FRANCE DEC HICP +0.2% M/M, +1.8% Y/Y

MNI: SWISS DEC CPI -0.1% M/M, +0.6% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Henry Hub Edges Higher Amid Mixed Weather Forecast

NATGAS
USEnergy BulletsNorth AmericaBulletCommodities

Henry Hub is edging higher on thin volume due to the US Thanksgiving holiday and after a small US gas storage draw as expected in EIA data yesterday.

  • The EIA weekly gas inventories for the week ending Nov. 22 showed a withdrawal of 2bcf compared to the previous five-year average of around 30bcf. Total stocks are at 3,967bcf compared to the previous five-year average of 3,700bcf and 134bcf above levels seen a year ago.
  • Lower 48 natural gas demand is holding just above normal at 88.0bcf/d today, according to Bloomberg. Weather forecasts suggest a mixed picture with NOAA 6-14 showing above normal in the west spreading across the US but with below normal temperatures still on the East Coast.
  • US LNG export terminal feedgas supply is estimated up on the day to 13.73bcf/d today, BNEF shows with a slight recovery in Freeport and higher Sabine Pass supplies.
  • US domestic natural gas production was estimated almost unchanged on the day up at 104.3cf/d yesterday according to Bloomberg. Output has seen a gradually recovery since early November up to the highest since early August.
  • Export flows to Mexico are estimated at 5.9bcf/d today, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 565k on Nov. 27.
    • US Natgas JAN 25 up 1% at 3.24$/mmbtu
208 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 edging higher on thin volume due to the US Thanksgiving holiday and after a small US gas storage draw as expected in EIA data yesterday.

  • The EIA weekly gas inventories for the week ending Nov. 22 showed a withdrawal of 2bcf compared to the previous five-year average of around 30bcf. Total stocks are at 3,967bcf compared to the previous five-year average of 3,700bcf and 134bcf above levels seen a year ago.
  • Lower 48 natural gas demand is holding just above normal at 88.0bcf/d today, according to Bloomberg. Weather forecasts suggest a mixed picture with NOAA 6-14 showing above normal in the west spreading across the US but with below normal temperatures still on the East Coast.
  • US LNG export terminal feedgas supply is estimated up on the day to 13.73bcf/d today, BNEF shows with a slight recovery in Freeport and higher Sabine Pass supplies.
  • US domestic natural gas production was estimated almost unchanged on the day up at 104.3cf/d yesterday according to Bloomberg. Output has seen a gradually recovery since early November up to the highest since early August.
  • Export flows to Mexico are estimated at 5.9bcf/d today, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 565k on Nov. 27.
    • US Natgas JAN 25 up 1% at 3.24$/mmbtu