MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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 Hubs Holds Near Highs Ahead of EIA Storage Data

NATGAS
Energy BulletsBulletPower BulletsCommodities

Henry Hub is holding a small gain on the day but below the high from yesterday with support from expectation for another below normal gas storage build in the weekly EIA data.

  • The EIA weekly gas inventories for the week ending Sept. 27 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a build of 58bcf according to a Bloomberg survey following a working gas implied build of 55bcf the previous week. The seasonal normal is a build of around 94bcf.
  • US LNG export terminal feedgas supply is estimated up slightly on the day to 12.36bcf/d, BNEF shows, driven by recovering Sabine Pass and Cameron flows.
  • Lower 48 natural gas demand is up slightly to 71.9bcf/d today, according to Bloomberg. The latest weather forecast still shows above normal temperatures dominating for much of the US although the NOAA forecast for eastern areas has shifted below normal for the 6-14 day period.
  • US domestic natural gas production is today estimated at 101.25bcf/d, according to Bloomberg, compared to an average of 101.5bcf/d over the previous week.
  • Export flows to Mexico are today estimated at 6.5bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 432k on Oct. 2.
    • US Natgas NOV 24 up 1% at 2.92$/mmbtu
    • US Natgas DEC 24 up 0.7% at 3.32$/mmbtu
    • US Natgas OCT 25 up 0.3% at 3.41$/mmbtu
218 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 is holding a small gain on the day but below the high from yesterday with support from expectation for another below normal gas storage build in the weekly EIA data.

  • The EIA weekly gas inventories for the week ending Sept. 27 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a build of 58bcf according to a Bloomberg survey following a working gas implied build of 55bcf the previous week. The seasonal normal is a build of around 94bcf.
  • US LNG export terminal feedgas supply is estimated up slightly on the day to 12.36bcf/d, BNEF shows, driven by recovering Sabine Pass and Cameron flows.
  • Lower 48 natural gas demand is up slightly to 71.9bcf/d today, according to Bloomberg. The latest weather forecast still shows above normal temperatures dominating for much of the US although the NOAA forecast for eastern areas has shifted below normal for the 6-14 day period.
  • US domestic natural gas production is today estimated at 101.25bcf/d, according to Bloomberg, compared to an average of 101.5bcf/d over the previous week.
  • Export flows to Mexico are today estimated at 6.5bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 432k on Oct. 2.
    • US Natgas NOV 24 up 1% at 2.92$/mmbtu
    • US Natgas DEC 24 up 0.7% at 3.32$/mmbtu
    • US Natgas OCT 25 up 0.3% at 3.41$/mmbtu