MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

Asia Sov Curves Steepen, INDON Outperforms

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Natural Gas End of Day Summary: Henry Hub Furthers Losses

NATURAL GAS

Henry Hub is continuing to slide, remaining at levels not seen since mid-2020. Strong production, mild weather, high storage inventories, and curtailed LNG exports are weighing on prices.

  • US Natgas MAR 24 down -1.7% at 1.58$/mmbtu
  • Domestic natural gas demand is down on the day at 89.8bcf/d and in line with the previous five year average according to Bloomberg.
  • Feedgas flows to US LNG export terminals are today still curtailed at 13.2bcf/d amid the ongoing outage to Freeport train 3 since mid Jan.
  • Freeport feedgas flows have fallen by a further 0.5bcf/d today after seeing a similar dip after train 1 tripped over the weekend before recovering.
  • US lower 48 gas production was yesterday at 103.7bcf/d according to Bloomberg.
  • Egypt may pause LNG exports again during summer in order to meet domestic demand: Oil Minister
  • Russia is potentially aiming to produce 110mn tons of LNG by 2030 vs current levels of 33mn tons according to Deputy PM Alexander Novak.
  • Global weekly LNG imports increased by 12% to 8.1mn tons during 12-18 February, driven by higher imports from Japan, South Korea and Northwest Europe according to BNEF.
Energy BulletsCommodities
Energy 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.