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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.
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Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
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US Natgas Holding Steady Ahead of EIA Data
US Natgas holding steady ahead of the EIA inventory data release later today.
- US Natgas SEP 22 up 0.4% at 9.37$/mmbtu
- The data is expected to show a build of 55bcf after the smaller than expected 18bcf build last week and compared to an average build for this time of year of 48bcf.
- Hot weather forecasts in the West are supporting demand while the squeeze of global gas market continues, on fears of further supply disruption to Europe.
- High US dry gas production and news of the delayed restart of Freeport LNG have kept prices down since a peak at 10$/mmbtu on Tuesday.
- US production was yesterday at 98.5bcf/d while domestic demand was high at 72.1bcf/d.
- Deliveries to US LNG export terminals are still missing the extra 2bcf from Freeport LNG and holding steady around 11bcf/d. Exports to Mexico are estimated at 6.8bcf/d
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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.