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US Natgas Ticks Up From Lows Last Week

NATGAS

US Natgas is ticking up from the lows of around 2.15$/mmbtu from late last week but remains well below a peak of 2.68$/mmbtu seen in mid May.

    • US Natgas JUL 23 up 2.2% at 2.22$/mmbtu
  • The latest US 6-14 day weather forecast is relatively unchanged from last week with below normal temperatures in east and west coastal and central regions but with above normal expected in the north and on the Gulf Coast. Domestic demand is today back down to just above seasonal normal at 64bcf/d according to Bloomberg after seeing above normal levels throughout much of the last month.
  • Domestic production is back up to 100.4bcf/d today after dipping slightly lower over the weekend compared to an average of just under 101.2bcf/d seen in May.
  • Delivery flows to the US LNG export terminals are down to 11.8bcf/d and near the lowest since the start of the year due to reduced supplies to Sabine Pass due to maintenance. The pipeline flows averaged about 13.0bcf/d during May.
  • Export flows to Mexico are today estimated at 5.9bcf/d.
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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