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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.
NATURAL GAS
US Henry Hub has risen to the highest level since 5 July as the updated EIA storage data showed a build below expectations and below the historical norm before easing back to the highest level in eight days.
- US Natgas AUG 23 up 4.8% at 2.73$/mmbtu
- The latest EIA weekly gas inventories for the week ending 14 July showed a build of +41bcf compared to expectations of 45.25bcf and the five-year average for this time of the year of 45bcf.
- The US total working gas in storage was at 2,971bcf as of 14 July, within the five-year historical range. Total US inventories are still above the five-year average of 2,611bcf.
- Henry Hub prices posted gains prior to the EIA data release today on the back of higher demand expectations amid an ongoing heatwave in the US.
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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