Storage

September Natural Gas Futures Slide on Production, Cooler Weather

September natural gas prices retreated for a second day Wednesday as cooler-trending weather fanned out any remaining flames left after bearish production data was reported Tuesday by the Energy Information Administration (EIA). Spot gas prices were mixed amid mostly comfortable weather on tap in the near term, save for parts of the West. The NGI National Spot Gas Average was $2.85, up 7 cents on the day. Read More

Eyes on Production as Natural Gas Market Shrugs Off Bullish EIA Data

With bearish production pressuring prices, the natural gas futures market brushed aside another leaner-than-expected build from the Energy Information Administration (EIA) Thursday that showed deficits growing as August approaches. In the spot market, Southern California and Desert Southwest points continued to trade at elevated levels as conditions in the region remain hot; the NGI National Spot Gas Average finished even at $2.91/MMBtu. Read More