Free Trial
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.
NATGAS
US front month Henry Hub regains some of this week’s losses with support from the EIA stock draw after falling to the lowest since 23 Feb on 23 March at 2.144$/mmbtu.
- US Natgas APR 23 up 3.6% at 2.23$/mmbtu
- EIA data showed a larger than normal inventory draw yesterday due to below normal temperatures across much of the US leading to above normal domestic demand since 8 March. EIA weekly gas inventories for the week ending 17 Mar showed a -72bcf draw compared to the 5-year average for this time of year of -41bcf. Total US inventories are near the top of the five year range at 1,900bcf.
- The latest NOAA forecast is largely unchanged from yesterday with below normal temperatures in western areas but above normal in the Gulf Coast region. Domestic natural gas consumption is today estimated near normal at 77.8bcf/d today.
- Total pipeline deliveries to US LNG export terminals were yesterday estimated down at 12.9bcf/d according to Bloomberg with a recent drop in supply to Calcasieu Pass. Deliveries to Freeport are today showing up to 1.39bcf/d.
- US production was yesterday slightly down to 99.92bcf/d and exports to Mexico are at 5.6bcf/d.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok