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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
Stronger industrial and gas-fired natural gas demand across the South-Central US is eating away at the spring gas storage surplus, Platts said.
- Moreover, approaching hot weather could also turn market sentiment bullish by late summer.
- In May to date, gas demand in the US Southeast and Texas has averaged 29.7 bcf/d, a record seasonal high and up 750 mmcf/d on the year.
- Industrial end-users have accounted for 60% of the incremental demand.
- The region’s surplus has steadily declined over the last eight weeks, with stocks now 207 Bcf above the five-year average, compared with 290 Bcf above in March.
- Temperatures across the Southeast and Texas are forecast to be above average during the summer, elevating cooling demand and limiting storage injections.
- Platts projects a net injection of just 16 Bcf into South Central storage for the week ending May 17, compared to the five-year average of 24 Bcf.
Source: S&P Global Commodity Insights
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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