CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

US Natgas Extends Downward Trend on Lower Demand and Steady Exports

NATGAS

US Natgas drifting lower with temperatures in eastern areas increasing to well above normal in the first week of January before falling back towards normal in the second week.

    • US Natgas FEB 23 down -0.9% at 4.65$/mmbtu
  • The market has been trending lower since 16 Dec with delays to the restart of Freeport LNG weighing on prices. Front month is currently trading at the lowest since mid March. Last week Freeport announced a further delay to the restart of LNG export operations until late January.
  • Lower 48 dry gas production continues to recover from the winter freeze last week with today estimated up to 97.3bcf/d compared to an average of 101.3bcf/d in the first half of December.
  • Natural gas consumption continues to fall with the arrival of the warmer weather. Today is estimated back below normal at 82.8bcf/d according to Bloomberg.
  • Deliveries to US LNG export terminals are today estimated back up to 11.93bcf/d with exports to Mexico steady around 6.2bcf/d.
USEnergy BulletsCommodities
USEnergy 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.