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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.
NATGAS
November could be the high point for US natural gas production this winter with the forecast of a decline in December and early 2024 according to S&P Global.
- US lower 48 natural gas production averaged a record 102.5 Bcf/d in October before rising further in November up to an average of 105.1 Bcf/d. Production has at times risen over 106bcf/d.
- Permian in West Texas and New Mexico and Marcellus Shale in Appalachia have been the main drivers of the increase in supply. The Permian has been boosted by additional gas pipeline takeaway capacity.
- The increase in production is despite a drop in rig counts this year with Baker Hughes showing a decline from 779 at the start of the year to a low of 616 in mid November.
- The 2bcf/d Mountain Valley Pipeline is expected to increase Marcellus takeaway capacity in Q2, and Permian will be boosted in Q4 by the 2.5bcf/d Matterhorn.
Source: Bloomberg
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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