Cavern

Natural gas futures staged a brief rally Thursday morning after the Energy Information Administration (EIA) reported a storage draw that was slightly larger than what traders were expecting.

Natural gas futures advanced after the Energy Information Administration (EIA) reported a storage build that was somewhat less than what the market had expected.

Natural gas futures climbed higher Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was somewhat less than what the market was expecting.

Sempra Energy’s U.S. Gas & Power (USG&P) unit has told FERC that it won’t pursue a fourth cavern at its Mississippi Hub storage facility in Simpson County, MS, asking the agency to vacate a pending application for expansion of the 22.3 Bcf facility.

Natural gas futures rose Thursday morning after the Energy Information Administration (EIA) reported an injection that was somewhat less than what the market was expecting.

The relentless build in natural gas storage continued Thursday with the release of government figures showing a thinner build than traders were expecting. Natural gas futures rose but quickly subsided following the release.

Natural gas futures rose following the release of government inventory figures showing an increase in working gas storage that was slightly less than what traders were expecting.

Natural gas futures moved little following the release of government inventory figures showing an increase in working gas storage right at what the market was expecting.

Natural gas futures proved resilient following the release of government inventory figures showing an increase in working gas storage greater than what the market was expecting by about 10 Bcf.