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NATGAS: Henry Hub Holds Within Yesterday's Range

NATGAS
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Henry Hub front month is trading within the $2.865/mmbtu to $2.948/mmbtu range seen yesterday with steady production set against above normal demand. The declining storage surplus in recent weeks is also supportive as the market weighs colder weather risks heading into the winter season.

  • US domestic natural gas production was holding at 100.8bcf/d yesterday compared an average of 101bcf/d throughout September, according to Bloomberg.
  • Feedgas flow to US LNG export terminals are today estimated at 12.16bcf/d, Bloomberg shows, compared to the September average of 12.6bcf/d.  Bloomberg data shows a dip in Cameron LNG and Sabine Pass LNG supply yesterday but back near normal today.
  • Domestic natural gas demand is up to 73.1bcf/d today, according to Bloomberg, after rebounding from a low of 66.2bcf/d on Sept. 28. The weather forecast for the lower 48 states shows above normal temperatures throughout the coming two weeks although NOAA shows near normal on the east coast in the 6-14 day period.
  • Export flows to Mexico are today estimated at 6.5bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 402k on Sept. 30.
    • US Natgas NOV 24 down 1.1% at 2.89$/mmbtu
    • US Natgas DEC 24 down 1.1% at 3.31$/mmbtu
    • US Natgas OCT 25 down 0.4% at 3.4$/mmbtu
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Henry Hub front month is trading within the $2.865/mmbtu to $2.948/mmbtu range seen yesterday with steady production set against above normal demand. The declining storage surplus in recent weeks is also supportive as the market weighs colder weather risks heading into the winter season.

  • US domestic natural gas production was holding at 100.8bcf/d yesterday compared an average of 101bcf/d throughout September, according to Bloomberg.
  • Feedgas flow to US LNG export terminals are today estimated at 12.16bcf/d, Bloomberg shows, compared to the September average of 12.6bcf/d.  Bloomberg data shows a dip in Cameron LNG and Sabine Pass LNG supply yesterday but back near normal today.
  • Domestic natural gas demand is up to 73.1bcf/d today, according to Bloomberg, after rebounding from a low of 66.2bcf/d on Sept. 28. The weather forecast for the lower 48 states shows above normal temperatures throughout the coming two weeks although NOAA shows near normal on the east coast in the 6-14 day period.
  • Export flows to Mexico are today estimated at 6.5bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 402k on Sept. 30.
    • US Natgas NOV 24 down 1.1% at 2.89$/mmbtu
    • US Natgas DEC 24 down 1.1% at 3.31$/mmbtu
    • US Natgas OCT 25 down 0.4% at 3.4$/mmbtu