MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

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 Holding Gains

NATGAS

Henry Hub prices are regaining much of the ground lost yesterday, although have receded from the intraday high of $2.258/MMBtu. The market is weighing the risk to LNG export flows and location of landfall of Tropical Storm Francine in the US Gulf.

  • US Natgas OCT 24 up 2.2% at 2.22$/mmbtu
  • US Natgas MAR 25 down 0.8% at 2.88$/mmbtu
  • The storm is expected to make landfall on Wednesday in Louisiana as a category 2 hurricane. Cameron LNG feedgas dropped about 41% on Monday evening according to Bloomberg data. Freeport LNG said it had begun storm preparations at its Texas plant without providing details.
  • Total US LNG export terminal feedgas flows are today down to 12.87bcf/d today, according to Bloomberg.
  • Domestic natural gas demand edged up to 71.4bcf/d today to remains above the previous five-year seasonal average of around 68bcf/d. The forecast for temperatures on the US west coast has turned colder with NOAA showing below normal throughout the 6-14 day outlook.  Central and eastern areas are however holding onto above normal temperatures.
  • US domestic natural gas production was relatively unchanged on the day at 101.6bcf/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 up to 7.2bcf/d, according to Bloomberg.
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.