Mercados

Natural Gas Futures Climb Ahead of EIA Storage Report

  • May contract adds 0.5 cents to settle at $2.786
  • “Uncertainty is now quite high” heading into expiry, storage report Thursday: Bespoke
  • Transwestern force majeure impacts Permian, says Genscape; Waha climbs 15 cents
  • BREAKING: EIA reports a 18 Bcf storage withdrawal for the week ending April 20
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Another April Natural Gas Storage Withdrawal Expected as Futures Finish Near Even

  • May settles at $2.739, up 0.1 cents
  • EIA storage surveys show ~23-26 Bcf withdrawal expected for week ending April 13, versus five-year average build of 38 Bcf 
  • Limited price response to storage deficits “underscores supply-side strength”: OPIS
  • Waha down 10 cents as wide West Texas basis differentials continue
  • BREAKING: EIA reports a 36 Bcf withdrawal for the week ending April 13
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