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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
US Henry Hub holding steady ahead of a larger than normal draw expected in the latest EIA US inventory data later today.
- US Natgas MAY 23 up 0.9% at 2.18$/mmbtu
- The latest EIA weekly gas inventories for the week ending 31 Mar will be released this afternoon at 10:30ET (15:30GMT). The expectation is for a draw of -23bcf following on from the -47bcf draw last week. The 5-year average for this time of year is -9bcf.
- Natural gas production is estimated down at around 99.1bcf/d due to pipeline maintenance after reaching a high of 101.7bcf/d on 30 March.
- The latest NOAA weather forecast shows below normal temperature edging across the US in the 6-14 day period but above normal temperatures are still showing in eastern and central areas. Domestic demand is today just above normal at 72.3bcf/d compared to the five year average of 69.6bcf/d.
- Pipeline natural gas deliveries to US LNG export terminals are back up to 13.8bcf/d according to Bloomberg with a small recovery in supply to Corpus Christi after a drop yesterday. Supply to Freeport LNG has remained stable at around 2.2bcf/d this week.
- Export flows to Mexico are relatively unchanged at 5.6bcf/d.
Source: 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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