eia storage report

Natural gas futures trimmed early gains Thursday following the U.S. Energy Information Administration (EIA) storage report, which outlined a larger-than-anticipated 36 Bcf withdrawal for the week ended March 22.  Ahead of the 10:30 a.m. ET release of the latest storage data, May New York Mercantile Exchange natural gas futures were trading 2.0 cents higher day/day…

Near-term demand weakness, including from a milder shoulder season temperature outlook and declining export volumes, had natural gas futures trading lower through midday Wednesday. Physical prices for multi-day delivery over the upcoming holiday weekend saw heavy discounts. Here’s the latest: May Nymex contract down 7.5 cents to $1.713/MMBtu as of 2:21 p.m. ET NGI modeling…

April natural gas futures bounced off technical support at the start of the week, potentially setting a near-term floor for prices ahead of the shoulder season contract month rolling off the board this week. The April New York Mercantile Exchange (Nymex) contract traded as low as $1.589/MMBtu Monday before moving higher, settling down 4.4 cents…

Natural gas futures lost ground Thursday following the release of U.S. Energy Information Administration (EIA) storage data, which outlined a small injection into inventories for the week ended March 15. At A Glance: Futures end 1.6 cents lower EIA reports 7 Bcf build Cash thwarts weather April Nymex natural gas futures settled at $1.683/MMBtu, down…

April Nymex natural gas futures’ advance was cut short after two days as weather outlooks that supported gains early in the week shifted warmer midweek. Pressure was added while the market braces for a possible small storage injection in the U.S. Energy Information Administration (EIA) storage data that would further widen the inventory overhang. At…

April Nymex natural gas futures extended gains Tuesday with bulls feeding on near-term weather forecasts that would support a bump in demand and a pullback in the widening of natural gas storage surpluses. At A Glance: Futures add 4.1 cents Cold weather supports Texas cash still negative The front-month contract settled 4.1 cents higher at…

What remains of the official natural gas inventory withdrawal season could be limited by the possible net injection into natural gas stocks for the week of March 8. Amid already swollen natural gas supplies, an early injection, although not unprecedented, could send natural gas prices reeling. In its upcoming storage report, the U.S. Energy Information…

After facing relentless selling pressure in recent sessions, natural gas futures pared some of those losses early Thursday as overnight weather models were seen shifting somewhat cooler. The March Nymex contract was up 2.9 cents to $1.638/MMBtu as of 8:38 a.m. ET. The front month on Wednesday probed as low as $1.590, testing a key…

Mostly benign winter weather, robust U.S. production and ample imports of Canadian supply put Pacific region natural gas storage levels far above historical norms early in 2024, keeping prices in check. The U.S. Energy Information Administration (EIA) most recently printed a national storage withdrawal of 75 Bcf for the week ended Feb. 2. It paled…