Free Trial

US Natgas Falls Ahead Of Storage Data

NATURAL GAS

US Henry Hub is easing lower today ahead of the latest EIA storage data with expectations of a larger-than-usual increase in stockpiles.

  • US Natgas JUL 23 down -3.8% at 2.18$/mmbtu
  • The EIA weekly gas-storage report is scheduled to be released at 10:30am (ET), 3:30pm (BST).
  • Domestic gas inventories are forecast to have risen by 107bcf last week, compared to the five-year average of 101bcf according to the median of analyst estimates compiled by Bloomberg.
  • Delivery flows to the US LNG export terminals are today estimated at 12.7 bcf/d, down from 13.3bcf/d yesterday.
  • Domestic gas demand estimated at around 67.2 bcf/d.
  • Latest weather forecasts suggest mild weather across key eastern and southern states through mid-June, weighing on demand expectations.

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.