Free Trial
JGBS AUCTION

Japanese MOF sells Y970.5bn 20-Year JGBs:

JGBS

PREVIEW: 20-Year Supply Due

US TSY FUTURES

TUU2 Blocked

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

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.
115 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.

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.