MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

US gas lower by still in bull trend

NATGAS

US Natgas following wider market selloff and down 2.7% to 8.144$/mmbtu but still holding the bull trend

  • Domestic and export demand are both still strong. LNG exports consistent at the high of the 5-year average range at 200k mt compared to an average of 100k mt for this time of year.
  • Domestic dry gas production has fallen from 96bcf to 94.04bcf over the last week as production is struggling to keep up with demand.
  • The EIA weekly stock data is due for release at 15:30 BST this afternoon. Market expectation is for a build of 88bcf which is up from a rise of 76bcf last week but about average for the time of year.
  • Inventories are approximately 350bcf below average so even larger builds would likely be required to change the bull trend of the US gas market.
USEnergy BulletsCommodities
USEnergy 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.