Free Trial

US Natgas Rally May be Limited

NATGAS

The recent rally in Henry Hub prices may be limited, according to Dow Jones, citing a report by EBW analytics.

  • "Henry Hub spot market weakness may soon reemerge-leading recent upward momentum for Nymex futures to fizzle," Eli Rubin of EBW Analytics says in a report.
  • While prices have ticked up, high storage levels and an expected sharp drop in heating demand over the next week are expected to add downside.
  • Low gas prices are also required to maintain the coal-to-gas switching driven by price competitiveness, according to EBW Analytics.
  • However, planned storage injections by local distribution companies will be slow until H2 April.

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.