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Free AccessUS Natgas Falls on Warm Weather in East
US Natgas falls as weather forecast in the East of US swich from below normal temperatures to above normal until the end of the month. US domestic demand was near normal around 64bcf/d over the weekend.
- US Natgas NOV 22 down -5.5% at 6.1$/mmbtu
- The front month price has fallen to the lowest since mid July due to high production, moderating domestic demand and outages restricting LNG export capacity.
- Production remains above normal at approximately 101.3bcf/d compared to around 96bcf/d last year.
- Deliveries to LNG export terminals are estimated up to 11.4bcf/d today while export to Mexico dipped slightly to 6.2bcf/d yesterday.
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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.