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NATGAS: Henry Hub Steady After Small US Storage Injections

NATGAS

US Henry Hub front month is relatively unchanged after a smaller than expected injection into US natural gas storage last week according to the latest weekly EIA data.

  • The EIA weekly gas inventories for the week ending July 26 showed an injection of 18bcf compared to the expectation for an injection of 31bcf according to a Bloomberg survey and the seasonal normal injection of about 34bcf.
  • US storage inventories however still hold a strong surplus of 441bcf, with total stocks at 3,249bcf compared to the previous five year average of 2,808bcf.
    • US Natgas SEP 24 up 3% at 2.1$/mmbtu
    • US Natgas FEB 25 up 1.5% at 3.38$/mmbtu
    • US Natgas AUG 25 up 0.8% at 3.24$/mmbtu

 

 

Source: EIA

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