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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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Free AccessMNI US OPEN - Soft NFP Report Should Cement December Cut
MNI China Daily Summary: Friday, December 6
US Gas Edging Lower on Mixed Weather and Stable Supplies
US Natgas drifting lower after slightly smaller than expected draw in US natural gas stocks in EIA data released yesterday.
- US Natgas JAN 23 down -1.5% at 6.63$/mmbtu
- EIA stock data showed a -81bcf draw compared to expectation for a -86bcf draw and the 5-year average for this time of year of -32bcf. Total US gas inventories are just below the five year average at 3,483bcf.
- The weather forecast remains largely unchanged with at or below normal temperatures expected across the western and northern areas but above normal expected in the Gulf Coast region. Lower 48 dry gas demand is just above normal at 87.5bcf/d.
- Natural gas production was yesterday at 101.1bcf with deliveries to LNG export terminals at 12.38bcf/d and exports to Mexico at 6.3bcf/d.
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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.