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 Falls on Storm Risk to LNG Exports

NATGAS
BulletEnergy BulletsCommodities

Henry Hub prices are pulling back from gains seen last week driven by risk to LNG export flows as a tropical storm and potential hurricane approaches the northwestern U.S. Gulf Coast by the middle of the week.

  • US LNG export terminal feedgas flows are today holding near the highest since the start of June at 13.4bcf/d today, according to Bloomberg.
  • Domestic natural gas demand is holding near the lowest since mid June at 70.8bcf/d today but still just above the previous five year seasonal average. The NOAA 6-14 day forecast shows above normal temperatures in central and eastern areas throughout but below normal in the west.
  • US domestic natural gas production has drifted down to 101.4bcf/d yesterday, according to Bloomberg, compared to an average of 101.8bcf/d so far in September and an average of 102.5bcf/d in August.
  • Export flows to Mexico are today estimated down slightly at 6.85bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 328k on Sep 6.
    • US Natgas OCT 24 down 3.7% at 2.19$/mmbtu
    • US Natgas MAR 25 down 1.2% at 2.9$/mmbtu
    • US Natgas SEP 25 down 1.2% at 3.12$/mmbtu
180 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 prices are pulling back from gains seen last week driven by risk to LNG export flows as a tropical storm and potential hurricane approaches the northwestern U.S. Gulf Coast by the middle of the week.

  • US LNG export terminal feedgas flows are today holding near the highest since the start of June at 13.4bcf/d today, according to Bloomberg.
  • Domestic natural gas demand is holding near the lowest since mid June at 70.8bcf/d today but still just above the previous five year seasonal average. The NOAA 6-14 day forecast shows above normal temperatures in central and eastern areas throughout but below normal in the west.
  • US domestic natural gas production has drifted down to 101.4bcf/d yesterday, according to Bloomberg, compared to an average of 101.8bcf/d so far in September and an average of 102.5bcf/d in August.
  • Export flows to Mexico are today estimated down slightly at 6.85bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 328k on Sep 6.
    • US Natgas OCT 24 down 3.7% at 2.19$/mmbtu
    • US Natgas MAR 25 down 1.2% at 2.9$/mmbtu
    • US Natgas SEP 25 down 1.2% at 3.12$/mmbtu