eia storage report

Much Ado About Nothing? Natural Gas Futures Surge Near $9; Cash Mounts Big Gains Too

Much Ado About Nothing? Natural Gas Futures Surge Near $9; Cash Mounts Big Gains Too

In another display of headlines driving price action, natural gas futures soared on word of a leak impacting the Shell plc-operated Mars crude oil pipeline in the Gulf of Mexico (GOM). Of course, gas prices were already sharply higher after the latest government inventory data reflected a continuation of the tight supply/demand balances that have…

August 11, 2022
Natural Gas Futures Slip, then Pop After EIA’s Near-Average Storage Injection

Natural Gas Futures Slip, then Pop After EIA’s Near-Average Storage Injection

The Energy Information Administration (EIA) reported a larger-than-expected 44 Bcf injection into natural gas storage facilities for the week ending Aug. 5. The build ultimately had little bearing on prices. Futures were trading sharply higher ahead of the EIA report because of further day/day declines in production. Choppy price action was seen after the data…

August 11, 2022
September Natural Gas Called Slightly Higher as Traders Prepare to Digest EIA Report

September Natural Gas Called Slightly Higher as Traders Prepare to Digest EIA Report

Natural gas futures were up slightly early Thursday as traders awaited updated government inventory data for further evidence — or not — of the tighter supply/demand balance implied by the week-earlier print. The September Nymex contract was up 6.2 cents to $8.616/MMBtu at around 8:55 a.m. ET. Estimates ahead of this week’s Energy Information Administration…

July 28, 2022
July Cooling Demand Bolsters Natural Gas Futures as Traders Await Storage Data

July Cooling Demand Bolsters Natural Gas Futures as Traders Await Storage Data

A robust cooling demand outlook into the second half of July supported further gains for natural gas futures early Thursday as traders prepared to assess the latest government inventory data.  The August Nymex contract was up 19.0 cents to $6.879/MMBtu at around 8:50 a.m. ET, extending a 52.6-cent rally from the previous session.  Surveys ahead…

July 14, 2022
August Natural Gas Called Lower Ahead of EIA Report; Forecasts Seen Slightly Hotter

August Natural Gas Called Lower Ahead of EIA Report; Forecasts Seen Slightly Hotter

Natural gas futures were trading slightly lower early Thursday as the market prepared to examine the latest government inventory report for further signs of balance impacts from downtime at a major U.S. export terminal.  The August Nymex contract was off 6.9 cents to $6.429/MMBtu at around 8:50 a.m. ET. Surveys ahead of the Energy Information…

June 30, 2022
July Natural Gas Rally Continues Ahead of Latest EIA Print

July Natural Gas Rally Continues Ahead of Latest EIA Print

Natural gas futures continued to advance early Thursday as traders awaited the latest round of government inventory data, expected to reveal a lighter-than-average weekly injection that could offer signs of ongoing tightness in the market.  The July Nymex contract was up 28.9 cents to $8.985/MMBtu at around 8:50 a.m. ET. Major surveys ahead of the…

June 2, 2022
Natural Gas Futures Climb Early as Market Awaits Impact of EIA Data, June Expiry

Natural Gas Futures Climb Early as Market Awaits Impact of EIA Data, June Expiry

As the market braced for potential price-moving impacts of both updated government inventory data and the prompt month contract expiration Thursday, natural gas futures advanced in early trading. The expiring June Nymex contract was up 22.6 cents to $9.197/MMBtu at around 8:50 a.m. ET. July was up 19.4 cents to $9.187. The Energy Information Administration…

May 26, 2022
Natural Gas Futures Advance Early as Analysts Mull Balances Following Latest Storage Print

Natural Gas Futures Advance Early as Analysts Mull Balances Following Latest Storage Print

As the market continued to mull the balance implications of the latest government inventory data in the context of broader supply adequacy concerns, natural gas futures advanced early Friday. The June Nymex contract was up 11.9 cents to $7.858/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 76 Bcf…

May 13, 2022
June Natural Gas Called Lower Ahead of Latest EIA Report

June Natural Gas Called Lower Ahead of Latest EIA Report

Natural gas futures pulled back in early trading Thursday as the market awaited the release of updated government inventory data, expected to show a build in line with historical norms. The June Nymex contract was down 17.3 cents to $7.467/MMBtu at around 8:50 a.m. ET. Surveys suggest the Energy Information Administration (EIA) will reveal a…

May 12, 2022
EIA Predicts $103 Crude Later in 2022 as Low Inventories Create Recipe for Volatility

EIA Predicts $103 Crude Later in 2022 as Low Inventories Create Recipe for Volatility

Brent crude oil prices are on track to average $107/bbl in the second quarter and $103 in the second half of this year, with low inventories creating the potential for “significant price volatility,” according to the latest projections from the Energy Information Administration (EIA). Brent spot prices averaged $105 in April, a $13 sequential decrease,…

May 11, 2022
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