eia storage report

Hurricane Season Said to Potentially Test ‘Operational Limits’ of Natural Gas Storage, Infrastructure

Hurricane Season Said to Potentially Test ‘Operational Limits’ of Natural Gas Storage, Infrastructure

Foreseeable risks from swelling natural gas inventories and an active hurricane season in the Atlantic Basin could bring more volatility to commodity prices in the coming months, a market expert said this week at an industry conference. The looming threat of hurricanes, which forecasters are predicting to be more frequent this season, will be “an…

April 19, 2024
Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line

Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line

Natural gas futures gained on Thursday, supported by colder forecasts for next week and a government inventory report that showed supplies did not grow faster than expected. At A Glance: EIA reports 50 Bcf injection Forecasts colder for next week Production at 97.8 Bcf/d Coming off two days of price volatility caused in part by…

April 18, 2024
Tightening Storage Surplus Lends Support to Natural Gas Futures – MidDay Market Snapshot

Tightening Storage Surplus Lends Support to Natural Gas Futures – MidDay Market Snapshot

Natural gas futures were slightly higher through midday trading Thursday, supported in part by an on-target government inventory report that showed a modestly shrinking surplus. Here’s the latest: May Nymex futures were up 3.9 cents to $1.751/MMBtu as of 2:23 p.m. ET The Energy Information Administration (EIA) reported a 50 Bcf injection into natural gas…

April 18, 2024
May Natural Gas Futures Jump After Storage Print Lands Near Expectations

May Natural Gas Futures Jump After Storage Print Lands Near Expectations

Utilities injected 50 Bcf of natural gas into storage for the week ended April 12, the U.S. Energy Information Administration (EIA) reported on Thursday. The result, near market expectations and avoiding the previous week’s bearish print, sent futures higher. Ahead of the 10:30 a.m. ET government report, May Nymex futures were trading 4.9 cents higher…

April 18, 2024
Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’

Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’

Prompt-month natural gas futures on the New York Mercantile Exchange (Nymex) neared $2.00/MMBtu last week but failed to push beyond a $1.943 Wednesday intraday high. With technical and fundamental support lacking, the front month headed lower on Monday, slipping 7.9 cents to settle at $1.691, and was trading marginally flat Tuesday morning. “The May Nymex…

April 16, 2024
Natural Gas Futures, Cash Tumbling as Bears in Control — MidDay Market Snapshot

Natural Gas Futures, Cash Tumbling as Bears in Control — MidDay Market Snapshot

Natural gas futures continued to plunge lower through midday trading Thursday as a larger-than-expected storage injection refocused the market’s attention on the post-winter supply glut.  Here’s the latest: May Nymex futures down 13.0 cents to $1.755/MMBtu as of 2:21 p.m. ET A high-side injection miss from the U.S. Energy Information Administration’s (EIA) storage report Thursday…

April 11, 2024
Natural Gas Futures Dive Lower as EIA Prints Solid Storage Injection

Natural Gas Futures Dive Lower as EIA Prints Solid Storage Injection

Utilities injected 24 Bcf natural gas into storage for the week ended April 5, the U.S. Energy Information Administration (EIA) reported on Thursday. The result exceeded market expectations and kept pressure on Nymex natural gas futures. Ahead of the 10:30 a.m. ET government print, the May futures contract was down 6.5 cents at $1.820/MMBtu. The…

April 11, 2024
Natural Gas Futures Falter After Storage Print Affirms Lofty Supplies; Spot Prices Slide

Natural Gas Futures Falter After Storage Print Affirms Lofty Supplies; Spot Prices Slide

Natural gas futures fell for a second straight session on Thursday, dragged lower by forecasts for benign weather and government inventory data that showed stout supplies in storage. At A Glance: EIA prints 37 Bcf withdrawal Outlook shifts to injections Weather demand softens Coming off a 2.1-cent loss the prior day, the May Nymex gas…

April 4, 2024
Natural Gas Futures Floundering After Storage Disappoints; Cash Weaker — MidDay Market Snapshot

Natural Gas Futures Floundering After Storage Disappoints; Cash Weaker — MidDay Market Snapshot

Natural gas futures continued to stumble through midday trading Thursday as the market reaffirmed its initial bearish response to the latest government inventory report. Meanwhile, spot prices were down sharply despite unseasonably cool spring temperatures forecast for the Midwest and East through the weekend. Here’s the latest: May Nymex contract down 5.8 cents to $1.783/MMBtu…

April 4, 2024
May Natural Gas Futures Fizzle After EIA Prints 37 Bcf Storage Pull

May Natural Gas Futures Fizzle After EIA Prints 37 Bcf Storage Pull

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 37 Bcf natural gas from storage for the week ended March 29. The result fell just shy of expectations and, with inventories still plump and injections on the horizon, left Nymex natural gas futures under pressure. Ahead of the 10:30 a.m. ET government…

April 4, 2024
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