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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 Natgas surges up 10% on stronger domestic and overseas demand. There has been a shift in the weather forecast towards cold with below normal temperatures expected across the whole US from Nov 12 according to the NOAA forecast.
- US Natgas DEC 22 up 10.2% at 7.05$/mmbtu
- Current lower 48 dry gas consumption has increased from last week but is still just below normal at around 70bcf/d.
- Higher LNG export flows are also supporting US prices with supplies to Sabine Pass recovering after maintenance to a feed gas pipeline last week. Sabine Pass LNG deliveries increased by 0.7bcf/d taking total US LNG export deliveries up to 11.9bcf/d.
- Gas exports to Mexico have however fallen with today estimated at 5.6bcf/d to offset some of the higher LNG flows.
- US natural gas production has also dipped slightly with the weekend estimated back below 100bcf/d at around 99.3bcf/d.
Source: NOAA
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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