CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US Natgas Edges Up Supported by High Demand Amid Wider Market Concerns

NATGAS

US Natgas edging higher after trading to the lowest since 24 Feb at 2.33$/mmbtu earlier today with bearish financial market concerns weighing on prices but with support from above normal end of winter demand.

    • US Natgas APR 23 up 3.1% at 2.41$/mmbtu
  • The weather forecast shows temperatures still holding onto below normal temperatures in western areas but with above normal now expected in eastern and Gulf Coast regions in the 6-14 day period. Lower 48 dry gas consumption has been holding above normal since 6 March with today estimated at 89.7bcf/d compared to the seasonal average of 76.6bcf/d.
  • Pipeline natural gas deliveries to the US LNG export terminals are steady at 13.35bcf/d with supply to Freeport LNG estimated at 0.8bcf/d today according to Bloomberg.
  • US production was back over 100bcf/d over the weekend at 100.3bcf/d. The Baker Hughes gas rig count unexpectedly rose back up to 162 according to data released on Friday to reverse much of the decline seen since September.
  • Exports to Mexico are also unchanged at 5.8bcf/d.
USEnergy BulletsPower BulletsCommodities
USEnergy BulletsPower BulletsCommodities

To read the full story

Close

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.