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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.
NATURAL GAS
EIA US natural gas inventories are expected to rise by 42bcf for the week ending 1 September according to BNEF.
- BNEF’s facility samples-based model predicts an injection of 42Bcf, while the weather-based supply and demand model predicts an injection of 45Bcf.
- Last week EIA reported a net injection of 32bcf for the week ending 25 August, just below the forecast of 31bcf.
- Total storage is now at 3,115bcf, up by 249bcf from the seasonal average of 2,866bcf.
- Hot weather in California supported gas demand for cooling throughout August.
- Temperatures in California reached their highest point halfway through August. Cooling degree days (CDD) stayed above 24 between August 14 and 17, during which California’s wind fleet saw a five-year low in generation. On 16 August gas generation reached its 2023 peak of 19.9GWh for the day.
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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