eia storage report

Natural Gas Futures Pare Gains Early as Latest Forecasts Lean Warmer

Natural Gas Futures Pare Gains Early as Latest Forecasts Lean Warmer

As the market factored in warmer forecasts that hinted at milder temperatures returning in mid-November, natural gas futures retreated in early trading Tuesday. After probing as high as $6.091/MMBtu in after hours trading, the November Nymex contract was back down at $5.742 at around 8:50 a.m. ET, off 15.6 cents from the prior day’s settle.…

October 26, 2021
Natural Gas Futures Flirt with $6 Again as Early November Seen Much Cooler; Cash Strong

Natural Gas Futures Flirt with $6 Again as Early November Seen Much Cooler; Cash Strong

Natural gas futures aimed for the sky on Monday as a much colder turn in the weekend weather models catapulted prices. Aided by a sharp increase in liquefied natural gas (LNG) demand, as well as upcoming contract expirations, the November Nymex gas futures contract jumped 61.8 cents to $5.898. December shot up 59.5 cents to…

October 25, 2021
Growing Storage Sinks Natural Gas Futures, but Storms Drive More Gains for Cash

Growing Storage Sinks Natural Gas Futures, but Storms Drive More Gains for Cash

A steadily improving U.S. supply picture sealed the move lower for natural gas futures on Thursday. The November Nymex gas futures, already down early in the session, slid further after the latest government inventory report and settled at $5.115/MMBtu, off 5.5 cents from Wednesday’s close. December slid a steeper 10.1 cents to $5.346. Spot gas…

October 21, 2021
Natural Gas Futures Slide Ahead of EIA Print as Another Above-Average Build Expected

Natural Gas Futures Slide Ahead of EIA Print as Another Above-Average Build Expected

Natural gas futures pulled back early Thursday as traders prepared to digest the latest round of government inventory data, expected to show a sixth straight higher-than-average injection into Lower 48 stocks. The November Nymex contract was off 10.8 cents to $5.062/MMBtu at around 8:45 a.m. ET. Surveys ahead of the latest U.S. Energy Information Administration…

October 21, 2021
Natural Gas Futures Plummet Below $5 as Mild Weather to Prevail into Early November

Natural Gas Futures Plummet Below $5 as Mild Weather to Prevail into Early November

Natural gas futures extended their losses on Monday as cold weather remained largely absent from long-range forecasts. Despite higher global prices, the November Nymex gas futures contract plunged 42.1 cents to settle at $4.989/MMBtu. December dropped 36.4 cents to hit $5.236. Spot gas prices also continued to slide, with NGI’s Spot Gas National Avg. slipping…

October 18, 2021
Natural Gas Futures Give Back Gains as Wind Gen Said Returning to Drive Up Injection Rate

Natural Gas Futures Give Back Gains as Wind Gen Said Returning to Drive Up Injection Rate

As the natural gas market continued to mull the implications of a lower-than-expected weekly storage build, one that appeared to derive from a temporary drop in renewable generation, futures prices retreated in early trading Friday. After rallying 9.7 cents in the previous session, the November Nymex contract was down 10.4 cents to $5.583/MMBtu at around…

October 15, 2021
Hints of Cooler Weather, Tight EIA Storage Stat Spook Natural Gas Futures; Cash Rallies

Hints of Cooler Weather, Tight EIA Storage Stat Spook Natural Gas Futures; Cash Rallies

Natural gas futures continued to surge Thursday as weather models finally started trending cooler and the latest storage data reflected one of the tightest balances all summer. The November Nymex gas futures contract nearly touched $6.000/MMBtu before midday, but ultimately settled at $5.687, up 9.7 cents from Wednesday’s close. December climbed 8.4 cents to $5.837.…

October 14, 2021
Low Wind Generation Drives EIA’s Shocking 81 Bcf Storage Build; Natural Gas Futures Surge

Low Wind Generation Drives EIA’s Shocking 81 Bcf Storage Build; Natural Gas Futures Surge

After weeks of surprising to the upside, the Energy Information Administration (EIA) stunned the natural gas market on Thursday with a much lower-than-expected 81 Bcf injection into storage. Although there were concerns of a low-side storage build, the figure came in 3 Bcf below the lowest estimate ahead of the inventory report. The latest EIA…

October 14, 2021
Global Price Strength Seen Driving Natural Gas Futures Higher in Early Trading

Global Price Strength Seen Driving Natural Gas Futures Higher in Early Trading

Natural gas futures rallied sharply early Thursday as analysts pointed to stronger overseas prices and a less bearish domestic weather outlook. The November Nymex contract was up 20.9 cents to $5.799/MMBtu at around 8:50 a.m. ET. In terms of recent weather model runs, EBW Analytics Group analysts early Thursday observed an additional 8.4 Bcf of…

October 14, 2021
Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell…

October 11, 2021
‹ Previous 1 2 3 22