eia storage report

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,…

On a run of dramatic moves higher recently, natural gas futures posted more modest gains early Thursday as the market awaited potential price impacts from the latest round of government inventory data. The June Nymex contract was up 11.3 cents to $8.528/MMBtu at around 8:45 a.m. ET. Predictions ahead of the latest Energy Information Administration…

Natural gas futures pared their recent gains in early trading Thursday as the market prepared to digest updated government inventory data, expected to show a lighter-than-average spring injection. Coming off a 36.1-cent rally in the previous session, the June Nymex contract was down 18.6 cents to $7.153/MMBtu at around 8:50 a.m. ET. The latest Energy…

The spring doldrums the U.S. natural gas market is accustomed to this time of year will have to wait at least another week to materialize in the cash market. Though price gains paled in comparison to recent weeks, NGI’s Weekly Spot Gas National Avg. climbed 31.0 cents during the April 18-22 trading week to $6.785/MMBtu.…

The Energy Information Administration (EIA) said storage inventories for the week ending April 15 rose by 53 Bcf, a huge miss to the upside that sent natural gas prices tumbling. The May Nymex gas futures contract was trading a few cents higher day/day at around $6.980/MMBtu in the minutes leading up to the EIA report.…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 15 Bcf natural gas into storage for the week ended April 8. The result was roughly in line with expectations and bullish when compared with historic norms. Nymex natural gas futures surged in response. Ahead of the EIA report, the May futures contract…

Bolstered by increased demand expectations from one of the major weather models overnight, natural gas futures were trading higher early Thursday as the market awaited the latest government storage report.  The May Nymex contract was up 11.5 cents to $6.144/MMBtu at around 8:45 a.m. ET. Expectations for this morning’s Energy Information Administration (EIA) storage report,…

Propelled in part by what analysts characterized as bullish technical factors, natural gas futures continued higher in early trading Thursday ahead of the latest round of government inventory data. After rallying 18.0 cents in the previous session, the April Nymex contract was up another 9.3 cents to $4.841/MMBtu at around 8:50 a.m. ET. Predictions ahead…

Incremental warming in the late February temperature outlook saw natural gas futures grind lower in early trading Thursday ahead of the latest round of government inventory data. As of around 8:45 a.m. ET, the March Nymex contract was down 9.3 cents to $3.916/MMBtu, extending a 23.9-cent sell-off in the previous session. Expectations for the latest…