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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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
US Natgas Dips on Colder Weather
The US Henry Hub is falling back to levels seen end last week amid a downward revision in temperatures weighing on natural gas demand for cooling.
- US Natgas SEP 23 down -1.4% at 2.54$/mmbtu
- The latest 6-10 day weather forecast shows a significant downward revision in temperatures, especially for the western regions in the US with temperatures below and near normal levels for the period while the rest of the regions continues to see temperatures above the norm, spurring demand for cooling. Lower 48 dry gas demand today has fallen to 73.29bcf/d, compared with highs seen at 78.92bcf/ early last week. But demand remains well above the seasonal norm.
- Feedgas flows to US LNG terminals have today risen to 12.77bcf/d, up from 12.30bcf/d on Monday above the 30-day moving average of 12.17bcf/d. This was due to increased flows to increased flows to the Calcasieu Pass terminal.
- US domestic natural gas production stood at 101.44bcf/d, in line with this month’s average.
- US natural gas flows to Mexico are still well above normal at 6.85bcf/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.