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Us Natgas Falls On Warmer Weather in Early December

NATGAS

US Henry Hub is falling with the expectation for warmer weather in early December and with healthy supplies and storage while global gas prices decline amid easing winter supply risks.

    • US Natgas DEC 23 down -4.2% at 2.74$/mmbtu
    • US Natgas MAY 24 down -2.9% at 2.71$/mmbtu
    • US Natgas NOV 24 down -1.8% at 3.48$/mmbtu
  • Domestic natural gas demand is holding above normal for the time of year at 91.7bcf/d according to Bloomberg having risen from below 80bcf/d just over a week ago. Below normal temperatures in central and western areas this week are expected to turn warmer into the coming weekend. The NOAA 8-14 day forecast shows above normal temperatures across the US in early December.
  • Domestic natural gas production is today estimated down slightly at 105.0bcf/d according to Bloomberg compared to an average of 105.7bcf/d over the previous week.
  • Feedgas flows to US LNG export terminals are today estimated at 14.5bcf/d according to Bloomberg.
  • Export flows to Mexico are today at 5.73bcf/d according to Bloomberg.

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