The Energy Information Administration (EIA) reported a 23 Bcf injection into storage inventories for the week ending March 29, massively larger than the majority of expectations.
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The Energy Information Administration (EIA) reported a 96 Bcf build into storage inventories for the week ending June 8, considerably higher than even the most bearish of expectations. Nymex July natural gas futures initially appeared to take the surprise build in stride as the prompt month barely budged after the storage report’s 10:30 a.m. release.
Continuing a decade-long trend, Florida Power & Light (FPL) this month pushed ahead with plans for natural gas-fired and solar electricity generation facilities, but it intends to delay plans for two units at an existing nuclear plant.
November natural gas futures fell Thursday following a report by the Energy Information Administration (EIA) showing a storage build that was right on target with what traders were expecting.
September natural gas is set to open about a penny lower Thursday as traders look ahead to the 10:30 a.m. EDT release of the Energy Information Administration’s storage report for the week ended Aug. 11.
Natural gas futures bulls received a dose of supportive fundamentals Thursday morning as the Energy Information Administration reported that a less-than-expected 28 Bcf was injected into underground storage for the week ended Aug. 4.
May natural gas is expected to open 2 cents lower Thursday morning at $3.17 as neither expected near-term weather or anticipated government inventory figures give much incentive to make incremental purchases. Overnight oil markets rose.
October natural gas futures are expected to open 2 cents lower Thursday morning at $2.87 as traders balance a government report expected to show the largest inventory increase in nearly 2 months, with tropical storms expected to lessen Southeast demand. Overnight oil markets retreated.
Despite challenges ahead, all the pieces are in place to build a robust petrochemical industry in the Appalachian Basin and strengthen the existing chemical manufacturing base in and around the region, speakers at a recent industry conference argued.