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NATGAS: Henry Hub Follows Wider Energy Market Sell Off

NATGAS

Henry Hub falls amid a wider energy and equity market sell off while domestic production remains strong, and storage holds at the top of the previous five year seasonal range.

  • US domestic natural gas production was yesterday estimated in line with the average so far in August of 103.7bcf/d and compared to an average of 102.6bcf/d in July, according to Bloomberg.
  • US LNG export terminal feedgas flows are today steady at 13.08bcf/d according to Bloomberg compared to an average of 11.9bcf/d in July.
  • Domestic lower 48 natural gas demand remains well above normal at 82.2bcf/d today, according to Bloomberg compared to the previous five year average of around 73bcf/d. The latest US weather forecast shows below normal temperatures in central and northern areas in the 6-10 day period as warm weather remains in the south and west coast regions.
  • Export flows to Mexico are today at 6.1bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 408k on Aug 2.
    • US Natgas SEP 24 down 2.6% at 1.92$/mmbtu
    • US Natgas FEB 25 down 2% at 3.2$/mmbtu
    • US Natgas AUG 25 down 1.5% at 3.14$/mmbtu
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