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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.
NATGAS
The current heatwave in east Texas and the US Gulf is now forecast to persist through late August supporting natural gas demand for power generation according to S&P Commodity Insights.
- Since late July, strong gas demand in the South Central region has prompted large withdrawals from gas storage totaling 57 Bcf through the week ending 11 August. Supply-demand fundamentals in the region are expected to tighten with forecasts suggesting a prolonged heatwave period.
- According to a short-term forecast from S&P Global, the EIA will likely report another withdrawal of 4 Bcf from South Central inventory in the week to 18 August with the possibility of additional withdrawals into late August.
- Through the end of August, Texas power burn should average nearly 7.6 Bcf/d, just 5%-6% below the month-to-date average. In the Southeast, generator demand will average a robust 14.1 Bcf/d through the end of this month.
- Domestic gas consumption in the US stood at 71.52-77.6Bcf/d, well above the five-year average, according to Bloomberg.
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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