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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.
NATGAS
US Henry Hub continues to ease back with steady supplies as the market losses all the gains seen on Friday due to the future supply uncertainty and a lower than expected storage build in EIA data last week.
- US Natgas JUN 23 down -0.7% at 2.38$/mmbtu
- Domestic production was up to around 101.5bcf/d yesterday compared to an average of around 100.7bcf/d so far this month.
- Domestic demand is holding just above normal with today estimated at 62.8bcf/d according to Bloomberg. The US is consuming record amounts of natural gas to power homes and businesses and up 14% from the same period last year due to coal to gas switching according to Bloomberg.
- The current NOAA 6-10 day US weather forecast is showing at or below normal temperatures in southern and coastal regions but above normal in central US and in the north.
- Delivery flows to the US LNG export terminals are today estimated at 12.8bcf/d according to Bloomberg and roughly in line with the average flows seen so far this month.
- Export flows to Mexico are today estimated at 6.4bcf/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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