Storage

Natural Gas Futures Climb Ahead of EIA Storage Data as Cooling Demand Still Supportive

Natural gas futures nosed higher Wednesday, keeping the gains from the previous day’s big rally as forecasts maintained hotter temperatures through early June. Spot prices continued to strengthen across the Midwest and Texas, with major cities in those regions expected to see highs in the 80s and 90s into the weekend; the NGI National Spot Gas Average added 9 cents to $2.53/MMBtu. Read More

Natural Gas Futures Pull Back Following Storage-Driven Rally

Natural gas futures declined Friday but held on to the lion’s share of the previous day’s rally, with storage concerns supporting prices after a smaller-than-expected injection. In the spot market, a few Appalachian points sold off sharply amid maintenance-related constraints, while expectations for moderate weekend demand helped sink prices at SoCal Citygate; the NGI National Spot Gas Average fell 5 cents to $2.26/MMBtu. Read More