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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.
NATGAS
Despite higher production, gas benchmarks have likely reached their low points and will find support, with the storage surplus expected to continue shrinking, Bloomberg Intelligence said.
- Warmer weather is boosting consumption via cooling demand, tightening balances and sustaining prices.
- Subdued rig activity, coupled with critical infrastructure bottlenecks, remain bullish indicators. This is despite output averaging above 102.2 bcf/d in July.
- Demand in Texas may be negatively impacted by a delayed recovery from Hurricane Beryl.
- However, prices should be held above the breakeven levels. Break evens are above $2/MMBtu, compared with BI’s view of a $3.50/MMBtu range for spot prices.
Source: Bloomberg
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.
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