Free Trial

US Natgas Falls with Smaller than Normal Stock Draw

NATGAS

US Natgas pulls back following a US stock draw in line with expectations but smaller than normal due to moderate demand, ongoing strong production and with Freeport LNG yet to return to full operations.

  • US Natgas APR 23 up 1.3% at 2.58$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 3 Mar showed a -84bcf draw compared to expectation of a -83bcf draw and the 5-year average for this time of year of -107bcf.
  • Total US inventories are 19.8% above the five year average at 2,030bcf.

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.