Natural Gas Futures Pare Gains on High-Side EIA Storage Build

The U.S. Energy Information Administration (EIA) reported a 58 Bcf injection into natural gas storage inventories for the week ending Aug. 7, coming in on the high end of wide-ranging estimates but still sparking a small initial rally in futures prices. In the minutes leading up to the 10:30 a.m. ET storage report, the September…

Natural Gas-Fired Generation Increased Even as Covid-19 Hammered Demand

Even amid lower overall electricity consumption due to Covid-19 mitigation efforts, natural gas-fired power generation grew 55,000 GWh year/year through the first half of 2020, according to the Energy Information Administration (EIA). Comparing the first six months of 2019 to the first six months of 2020, natural gas was the fastest growing source of electric…

August 13, 2020

Traders Await EIA Storage Number as Natural Gas Futures Close to Unchanged Early

Natural gas futures traders appeared to be keeping their powder dry early Thursday ahead of the latest government inventory report, with prices hovering close to even day/day. The September Nymex contract was up 0.6 cents to $2.158/MMBtu at around 8:45 a.m. ET. Reflecting last week’s supply/demand dynamics in the face of cooler weather and impacts…

August 13, 2020

Natural Gas Futures Trim Earlier Losses, but Settle Lower Ahead of EIA Storage Report

Natural gas futures quickly reversed course midweek after a bearish revision in production data and slightly weaker liquefied natural gas (LNG) demand sent prices tumbling. The September Nymex contract settled Wednesday at $2.152, down 1.9 cents day/day. October fell 1.4 cents to $2.297. Spot gas prices also softened as much of the heat that had…

August 12, 2020

Natural Gas, Alternative Fuels Use for Truck Fleets Said Accelerating

Alternative fuels use in medium- and heavy-duty vehicles is accelerating in nearly all U.S. transportation sectors, according to a new report. The Sustainable Fleets Report issued Tuesday was completed by a consortium headed by consultants Gladstein, Neandross & Associates (GNA).  The study looked at natural gas vehicles (NGV), propane, battery electric vehicles (BEV) and hydrogen…

August 12, 2020