Free Trial
JGBS AUCTION

Japanese MOF sells Y4.54002tn 3-Month Bills:

IDR

Rupiah Consolidates Gains On Q2 GDP Beat

JGBS

Modest Early Moves Stick

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Reduced Exports Keep US Natgas Bearish

NATGAS

US Natgas continues bearish trend: down 2.2% today to 6.1$/mmbtu

  • EIA data yesterday showed gas inventories increased by 74bcf in line with seasonal normal changes and compared to an expectation of just 61bcf. Gas stocks are still on the lower side of the 5-year range and now at 2,169bcf versus an average of 2,460bcf.
  • Deliveries to US LNG export terminals dip to 10.37bcf down from 10.75bcf earlier in the week. Before the Freeport outage deliveries were approximately 12.8bcf. The excess supply resulting from the lower LNG exports could help to fill storage towards normal levels in the coming weeks.
  • Lower 48 dry gas production is down slightly to 95.2bcf but demand is also down a similar amount to 67.5bcf. Continued warm weather in the south is helping to keep demand above normal for the time of year. Pipeline exports to Mexico remain high and near the weekly average at 7.0bcf compared to a 5-year average of 5.5bcf.
157 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

US Natgas continues bearish trend: down 2.2% today to 6.1$/mmbtu

  • EIA data yesterday showed gas inventories increased by 74bcf in line with seasonal normal changes and compared to an expectation of just 61bcf. Gas stocks are still on the lower side of the 5-year range and now at 2,169bcf versus an average of 2,460bcf.
  • Deliveries to US LNG export terminals dip to 10.37bcf down from 10.75bcf earlier in the week. Before the Freeport outage deliveries were approximately 12.8bcf. The excess supply resulting from the lower LNG exports could help to fill storage towards normal levels in the coming weeks.
  • Lower 48 dry gas production is down slightly to 95.2bcf but demand is also down a similar amount to 67.5bcf. Continued warm weather in the south is helping to keep demand above normal for the time of year. Pipeline exports to Mexico remain high and near the weekly average at 7.0bcf compared to a 5-year average of 5.5bcf.