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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 US Inflation Insight: Softer Housing Helps Ensure Dec Cut
MNI INTERVIEW2: Poland To Push For EU Defence Fund
US Natgas Extends Recovery Boosted by Cooler Weather and Freeport LNG
US Henry Hub natural gas is extending gains from last week with cooler weather, the gradual return of Freeport LNG and potential for slower US production growth. US shale gas producer Chesapeake Energy are planning to reduce their active rig fleet after the price drop and others could follow suit.
- US Natgas APR 23 up 4.3% at 2.66$/mmbtu
- Low demand this winter, healthy gas storage, high production and curtailed LNG exports all combined to bring the US price down from just under 10$/mmbtu in August to below 2$/mmbtu on 22 Feb last week.
- Deliveries to US LNG export terminals are today estimated down at 12.4bcf/d due to lower supply to Sabine Pass according to Bloomberg. Pipeline flows to Freeport LNG are similar to late last week at around 0.74bcf/d.
- US natural gas production was around 101.3bcf/d over the weekend. Demand is expected to remain around normal at 87.1bcf/d today but the latest NOAA two week forecast suggest below normal temperatures are spreading eastwards across the country in the second half of the outlook.
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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.