DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Strong demand drives US Natgas higher

HENRY HUB

Warm weather in southern US is helping to push domestic demand and prices higher. US Natgas trading up 2.69% today to 7.87$/mmbtu.

  • LNG export demand is still at high levels as domestic production is slowly increasing following a steady rise in Baker Hughes rigs counts from approximately 100 in Nov21. Baker Hughes gas count increased by 3 last week to 149.
  • The EIA short term energy report last week forecast a significant increase in Henry Hub gas from their previous forecast. They expect US gas will average 7.83$/mmbtu during Q222, 8.69$/mmbtu in Q322 and 8.48$/mmbtu in Q422. EIA expect inventories to be below average as domestic power generation demand continues despite the high market prices.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

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.