EIA storage june 11

July Natural Gas Futures Eke Out Gain Following ‘Funky’ Storage Report; Cash Prices Advance

Natural gas futures finally found their footing in the final hour of trading Thursday after an unusual government inventory report that left traders scratching their heads. Lower export levels and forecasts pointing to less heat next week also weighed on prices, but outlooks for strong demand next month on both fronts provided a late boost.…

BP, Top Natural Gas Marketers Lose Ground in 1Q2021, but High Prices, Demand Forecast to Turn Tide

Leading natural gas marketers collectively lost ground with sales volumes in 1Q2021, continuing a two-year trend of year/year declines, according to NGI’s Top North American Natural Gas Marketers rankings. The 25 gas marketers included in NGI‘s latest quarterly assessment reported combined sales transactions of 126.06 Bcf/d for the first quarter. The 23 covered companies with…

June 18, 2021

Natural Gas Futures Pull Back Early Amid Easing Heat in Euro Model, Tropical Cyclone in GOM

A somewhat cooler look to temperatures late this month and the prospect of demand destruction from a storm in the Gulf of Mexico (GOM) helped send natural gas futures lower in early trading Friday. The July Nymex contract was off 6.5 cents to $3.188/MMBtu at around 8:50 a.m. ET. The American and European weather models…

June 18, 2021

Lease Terminated for Natural Gas-Fueled NW Methanol Plant in Washington

A Chinese-backed methanol export plant proposed for the Port of Kalama in Washington has effectively been canceled after the sponsor said it would terminate its lease. Northwest Innovation Works (NWIW) notified port officials on Friday that it would end efforts to develop a project. Port officials blamed the “state’s regulatory and political environment for killing…

June 17, 2021

U.S. Task Force’s Early Findings Show LNG Safe for Rail System

A task force examining the safety of moving liquefied natural gas (LNG) by rail across the United States said the super-chilled fuel has been transported safely by sea and road for decades, as well as by rail in other countries, but the group noted more research is needed. The task force was convened by the…

June 17, 2021