eia storage report

Natural gas futures slipped further into the red on Thursday despite the potential for cold weather to return to the Lower 48 within the next couple of weeks. With mixed messages in the latest storage data, and Freeport LNG not yet back online, the March Nymex gas futures contract settled at $2.456/MMBtu, down 1.2 cents…

Natural gas futures, which only last month traded around $6/MMBtu, have steadily lost ground in the new year amid seasonally mild weather and closed near the $3 level on Wednesday. It marked the lowest front-month settlement since 2021. At A Glance: Prompt month falls 19 cents Supplies strong relative to demand Analysts expect bearish storage…

Natural gas futures floundered back into freefall Wednesday – the case of a majority of trading sessions early in the new year – as production climbed, benign weather persisted and the market braced for an anemic storage withdrawal. At A Glance: Prompt month sheds 27.5 cents Production hits 102 Bcf/d Weather forecasts wobble After a…

Natural gas futures traded in negative territory most of Wednesday – and have declined all but three sessions so far this year – amid a persistently potent warm-weather pattern that squashed demand across much of the Lower 48. At A Glance: Warm weather pattern endures Late-month shift in the cards  Meager storage print expected The…

Natural gas futures resumed a downward spiral on Thursday after a hefty but disappointing storage withdrawal failed to impress markets, leaving traders to focus on forecasts for mild weather and diminished demand through January. At A Glance: EIA prints 221 Bcf draw Production bounces back Demand begins to fade The February Nymex gas futures contract…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 221 Bcf natural gas from underground storage for the week ended Dec. 30. The result, while massive relative to historic norms, fell shy of expectations and left Nymex natural gas futures deep in negative territory. Ahead of the 10:30 ET government report, the…

With updated forecasts suggesting an upcoming stretch of Arctic chills in the Lower 48 will fade in the final days of 2022, natural gas futures were down sharply in early trading Friday. The January Nymex contract was down 60.7 cents to $6.363/MMBtu at around 8:45 a.m. ET. The American and European weather models both trended…

Natural gas futures bounced around Wednesday after weather models added a large chunk of demand to the long-range outlook, with frigid Canadian air forecast to plunge into the Lower 48 next week. After a sharp rally overnight lost momentum, confirmation in the midday data sent the January Nymex gas futures contract roaring higher and ultimately…

As updated model runs weakened December heating demand expectations, natural gas futures continued to come under downward pressure in early trading Friday. After sliding 19.2 cents in the previous session, the January Nymex contract was down another 20.7 cents to $6.531/MMBtu at around 8:50 a.m. ET. NatGasWeather observed notable warmer trends overnight from both the…