eia storage report

Natural gas futures eased lower early Thursday as traders appeared to be keeping their powder dry ahead of the latest round of government inventory data, expected to show a larger-than-average weekly injection into U.S. storage. After climbing 8.5 cents in the previous session, the October Nymex contract was down 3.3 cents to $9.094/MMBtu as of…

The U.S. Energy Information Administration (EIA) said natural gas inventories for the week ending Aug. 19 rose by 60 Bcf, right on target with estimates ahead of the report. Natural gas futures traders didn’t quite know how to act with no surprises in the latest EIA data, with prices waffling within a few cents of…

Natural gas futures rebounded in early trading Thursday as traders awaited the latest government inventory data, expected to show a lighter-than-average summer injection into Lower 48 stockpiles.  After posting an 8.5-cent loss in the previous session, the September Nymex contract was up 12.6 cents to $9.370/MMBtu as of around 8:45 a.m. ET. Estimates ahead of…

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…

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…

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…

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…

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…

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…