Storage

Natural Gas Futures Bounce Amid Lean Storage, Colder Forecasts; SoCal Blowout Continues

Natural gas futures gained for a second straight trading day Wednesday as forecasters continued calling for cold to spread into the East in early March. In the spot market, SoCal Citygate’s basis blowout stretched into a second day as other western points moderated from Tuesday’s gains; the NGI National Spot Gas Average added 2 cents to $2.80/MMBtu. Read More

Natural Gas Futures Finish Near Even Again Despite Bullish Storage Stats

Natural gas futures moved less than a penny for the second straight day Thursday as a bullish government storage report couldn’t overcome lackluster winter weather and rising production. In the spot market, a few Northeast points rallied as SoCal Citygate eased off recent gains; the NGI National Spot Gas Average added 5 cents to $2.45/MMBtu. Read More