eia storage report

Potential Mid-November Moderation Sees Natural Gas Futures Continue Slide Early

Potential Mid-November Moderation Sees Natural Gas Futures Continue Slide Early

As weather models continued to imply a potentially mild mid-November, natural gas futures lost ground in early trading Friday. Coming off a 41.6-cent sell-off in the previous session, the December Nymex contract was down another 15.5 cents to $5.627/MMBtu at around 8:45 a.m. ET. The latest model runs early Friday advertised little net change in…

October 29, 2021
Natural Gas Futures, Cash Prices Plummet on Fleeting Cold Snaps, Loosening Balances

Natural Gas Futures, Cash Prices Plummet on Fleeting Cold Snaps, Loosening Balances

Natural gas futures plunged Thursday despite an intensifying cold front on the horizon. Selling accelerated throughout the session on a trio of bearish drivers that sent December Nymex gas spiraling to a $5.736/MMBtu intraday low. The prompt month eventually settled at $5.782, off 41.6 cents from Wednesday’s close. January dropped 40.6 cents to $5.871. Spot…

October 28, 2021
EIA Reports Ho-Hum 87 Bcf Build in Natural Gas Storage; Futures Still Sharply Lower

EIA Reports Ho-Hum 87 Bcf Build in Natural Gas Storage; Futures Still Sharply Lower

The Energy Information Administration (EIA) delivered no surprises on Thursday, reporting an on-target 87 Bcf injection into storage inventories for the week ending Oct. 22. Natural gas futures were already sharply lower ahead of the EIA report on returning production and stronger wind generation. The November Nymex contract was down 30.0 cents to around $5.900/MMBtu…

October 28, 2021
Potential Post-Expiry ‘Hangover’ Seen for Natural Gas Futures as Prices Slide Ahead of EIA Report

Potential Post-Expiry ‘Hangover’ Seen for Natural Gas Futures as Prices Slide Ahead of EIA Report

Despite colder-trending weather models, natural gas futures sold off sharply in the lead-up to the latest weekly government storage report Thursday, giving back gains from the previous session. Heading into its first day as the prompt month, the December Nymex contract was down 22.8 cents to $5.970/MMBtu at around 8:55 a.m. ET.. Surveys show the…

October 28, 2021
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