• Natural gas futures higher through midday trading as estimates continue to show production off recent highs
  • April Nymex contract up 7.4 cents to $1.882/MMBtu as of 2:11 p.m. ET; stronger gains for May, June, July contracts
  • Fourth consecutive surplus-padding storage print expected from weekly U.S. Energy Information Administration (EIA) report Thursday
  • NGI modeling minus-84 Bcf, versus minus-143 Bcf five-year average; last week, EIA reported a 60 Bcf withdrawal
  • Per Gelber & Associates: “Compared to the week previous, fundamentals showed a slight tightening, with domestic consumption rising and supply decreasing”
  • At 2,470 Bcf as of Feb. 16, Lower 48 storage trajectory has sailed above 2,302 Bcf five-year maximum, EIA data show
  • LNG exports at 13.6 Bcf/d Wednesday, versus 13.7 Bcf/d...