Free Trial

US Natgas Holding Gains Ahead of EIA Data


Front month US Henry Hub holding onto gains from earlier in the day ahead of the update EIA US inventories. The FERC approval for the restart of the remaining Freeport LNG liquefaction train is providing support.

  • The latest EIA weekly gas inventories are expected to draw by -83bcf following on from the -81bcf draw last week and compared to the 5-year average for this time of year of -107bcf. Total US inventories were last week 17.3% above the five year average at 2,114bcf.
  • US storage withdrawals have been mostly smaller than normal this year with low demand, curtailed LNG exports and steady production helping to boost stocks.
    • US Natgas APR 23 up 2.5% at 2.61$/mmbtu

To read the full story


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.