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…
Tag / eia storage report
Subscribeeia storage report
Articles from eia storage report
September Natural Gas Rebounds Early as Traders Await EIA Report
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…
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…
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…
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 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…
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…
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…
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…
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…