Free Trial

US Follows Energy Markets Higher on Russia Risks

NATGAS

US Natgas advances along with the wider energy markets as Russia steps up the war in Ukraine.

    • US Natgas OCT 22 up 4.5% at 8.06$/mmbtu
  • Support also comes from a weather forecast shift further towards above normal temperatures for the west of US throughout the two week forecast period. East coast temperatures are still showing at or below normal. Current lower 48 dry gas demand is estimated at 68.1bcf/d compared to the 5-year average of approximately 64bcf/d.
  • Dry gas production dipped slightly yesterday down to 99.4bcf/d but remains strong and is limiting the upside moves.
  • US gas deliveries to LNG export terminals is steady at 11.54bcf/d while exports to Mexico are strong at 6.71bcf/d.

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.