eia storage report

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 83 Bcf into natural gas storage for the week ended Sept. 10. The result eclipsed market expectations and the five-year average, sending Nymex natural gas futures lower. Ahead of the EIA report, the October contract was down 15.3 cents at $5.307/MMBtu, in part…

Natural gas futures pared their recent gains early Thursday as traders prepared to digest updated government inventory data that was expected to show a notably larger weekly injection compared to recent reports. The October Nymex contract was down 8.3 cents to $5.377/MMBtu at around 8:55 a.m. ET. That the October contract began to sell off…

Natural gas futures rocketed higher early Wednesday as supply concerns continued to grip the market. The October Nymex contract was up 17.4 cents to $5.434/MMBtu at around 8:45 a.m. ET. The continued gains in Henry Hub futures coincide with rallying prices overseas and storage adequacy concerns both at home and abroad, according to Bespoke Weather…

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

Natural gas futures held onto most of their recent gains in early trading Friday as analysts highlighted tight balances, warm September temperatures and global price trends as drivers of bullish sentiment. The October Nymex contract was down 2.2 cents to $5.009/MMBtu at around 8:55 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported…

Natural gas futures gathered even more momentum on Thursday, reaching a seven-year high as production remained weak in Hurricane Ida’s aftermath and the latest government inventory report confirmed a tight supply/demand balance. Ida “amplified already heightened supply fears,” said RBN Energy LLC analyst Sheetal Nasta.   The October Nymex contract gained 11.7 cents day/day and settled…

U.S. utilities injected 52 Bcf natural gas into storage for the week ended Sept. 3, a result that exceeded analysts’ expectations but fell short of historic averages, the U.S. Energy Information Administration (EIA) reported Thursday. The print left supply/demand balances tight and drove up natural gas futures. Ahead of the EIA print, the October contract…

Natural gas futures hovered close to even early Thursday as traders and analysts awaited the latest government inventory data in hopes of shedding more light on Hurricane Ida’s impacts on supply and demand. Adding to an impressive 34.6-cent rally in the previous session, the October Nymex contract was up 1.4 cents to $4.928/MMBtu at around…

An observed drop in Lower 48 production and strength in global prices helped natural gas futures rebound in early trading Wednesday. After slipping 14.4 cents in the previous session, the October Nymex contract had recovered 7.9 cents to trade at $4.647/MMBtu as of around 8:50 a.m. ET. The American and European weather models saw “minor”…