eia storage report

Natural Gas Futures Ease Lower as Seasonal Temperatures Expected Late Month

Natural Gas Futures Ease Lower as Seasonal Temperatures Expected Late Month

Natural gas futures pared their recent gains in early trading Tuesday as the latest forecasts continued to show a mild seasonal pattern arriving later this month. After climbing 6.9 cents in the previous session, the May Nymex contract was down 2.0 cents to $2.729/MMBtu at around 8:50 a.m. ET. Overnight changes to the forecast data…

April 20, 2021
Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex contract settled 6.9 cents higher at $2.749. June climbed 6.4 cents to $2.818. Spot gas prices also moved higher in most areas outside…

April 19, 2021
Chillier Forecast, ‘Elevated’ Exports Send Natural Gas Futures Higher Early

Chillier Forecast, ‘Elevated’ Exports Send Natural Gas Futures Higher Early

Riding momentum from strong export levels and continued colder trends from forecasts over the weekend, natural gas futures probed several cents higher in early trading Monday. The May Nymex contract was up 3.9 cents to $2.719/MMBtu at around 8:40 a.m. ET. In its latest 15-day forecast Monday Bespoke Weather Services added nine gas-weighted degree days…

April 19, 2021
Storage Injection Lighter Than Expectations, Sending May Natural Gas Futures Higher

Storage Injection Lighter Than Expectations, Sending May Natural Gas Futures Higher

The U.S. Energy Information Administration (EIA) reported an injection of 61 Bcf natural gas storage for the week ended April 9, coming in below median estimates and driving Nymex natural gas futures into the green. The latest figure was below the 68 Bcf build EIA recorded in the year-ago period but above the five-year average…

April 15, 2021
Natural Gas Futures Slide Early as EIA Report Not Expected to Provide Bullish Momentum

Natural Gas Futures Slide Early as EIA Report Not Expected to Provide Bullish Momentum

With overnight forecasts shedding a small amount of heating demand from the outlook, and with traders preparing to digest updated government inventory data, natural gas futures eased lower in early trading Thursday. The May Nymex contract was down 2.1 cents to $2.597/MMBtu at around 8:45 a.m. ET. For this week’s U.S. Energy Information Administration (EIA)…

April 15, 2021
As Temperatures Fall, Cash Prices Advance and May Natural Gas Futures Tread Water

As Temperatures Fall, Cash Prices Advance and May Natural Gas Futures Tread Water

Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed to increased heating demand through the second half of April. Near-record liquefied natural gas (LNG) levels continued to provide price support as well. But a sixth-straight day of gains proved elusive as traders took profits late in the…

April 14, 2021
May Natural Gas Advances as Analysts See Signs of Improved Balances

May Natural Gas Advances as Analysts See Signs of Improved Balances

After finding technical support last week, natural gas futures advanced in early trading Monday as analysts pointed to signs of stronger balances. The May Nymex contract was up 5.7 cents to $2.583/MMBtu at around 8:50 a.m. ET.  The gains in futures prices early Monday occurred amid recent indications of a stronger supply/demand balance for natural…

April 12, 2021
Overall Forecast Themes Unchanged as Natural Gas Futures Steady Early

Overall Forecast Themes Unchanged as Natural Gas Futures Steady Early

Natural gas futures were trading close to even early Friday amid no major changes to the weather outlook overnight, while analysts continued to mull the implications of the latest government inventory data. The May Nymex contract was up 1.2 cents to $2.534/MMBtu at around 8:50 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday…

April 9, 2021
Natural Gas Futures Steady After Storage Data Fails to ‘Turn the Tide’

Natural Gas Futures Steady After Storage Data Fails to ‘Turn the Tide’

Natural gas futures waffled in and out of the green Thursday after the weekly storage data failed to offer any surprises, and weather models maintained a warm pattern for the near term. The May Nymex gas futures contract ultimately settled two-tenths of a cent higher at $2.522/MMBtu. June picked up a penny to reach $2.607.…

April 8, 2021
EIA’s Ho-Hum 20 Bcf Storage Injection Fails to Move Nymex Natural Gas Futures Prices

EIA’s Ho-Hum 20 Bcf Storage Injection Fails to Move Nymex Natural Gas Futures Prices

After weeks of big surprises on the natural gas storage front, the Energy Information Administration (EIA) reported an on-target 20 Bcf injection into storage inventories for the week ending April 2.  The EIA figure was only a couple Bcf off market consensus, but it fell short of the year-ago 30 Bcf injection. The injection, however,…

April 8, 2021
‹ Previous 1 2 3 10