MNI: SPAIN NOV SRVCS PMI 53.1 (FCAST 53.3); OCT 54.9

MNI BRIEF: China Must Quicken Reforms To Boost Domestic Demand

MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI: AUSTRALIA Q3 GDP +0.3% Q/Q

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Uncertainty Over Freeport LNG Before EIA Stock Data Release

NATGAS

US Natgas gaining ground slightly with Freeport LNG uncertainty ahead of an expected above normal build in US inventory data later today.

    • US Natgas DEC 22 up 1.7% at 5.96$/mmbtu
  • The expectation is for EIA to show another above normal build of +83bcf for the week ending Nov 4 compared to +107bcf last week and the 5-year average for this time of year of +28bcf. Below normal demand, the ongoing Freeport LNG outage and strong production are expected to contribute to the weekly stock build.
  • Current lower 48 dry gas demand was yesterday below normal at 72.6bcf/d but temperatures are forecast to fall next week with below normal expected until the end of the two week forecast period.
  • Uncertainty around the return of Freeport LNG is adding to the market volatility with no confirmation of when flows might resume. Deliveries to US LNG terminals are today holding steady estimated at 11.52bcf/d. Exports to Mexico are also steady at 6.5bcf/d.
  • US production down from the peak in early October but still strong around 100bcf/d.
USEnergy BulletsPower BulletsCommodities
USEnergy BulletsPower BulletsCommodities

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.