Free Trial

US Natgas Regains Some Losses After EIA Build

NATGAS

US Henry Hub regains some of the earlier losses as the EIA US inventory shows a build roughly in line with market expectations and slightly above the seasonal normal.

  • US Natgas MAY 23 down -2.3% at 2.05$/mmbtu
  • The latest EIA weekly gas inventories for the week ending 7 Apr showed the first build of the year of +25bcf compared to expectation of a +28bcf build and the 5-year average for this time of year of +16bcf.
  • Total US inventories are near the top of the five year range at 1,855bcf compared to the average of 1,539bcf.

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.