eia storage report

Natural gas futures flew higher on Thursday, bolstered by strong fundamentals and a bullish government inventory report that reinforced concerns about supply/demand imbalance and the specter of anemic storage levels ahead of winter. The September Nymex contract, which took over as the prompt month on Thursday, jumped 9.2 cents day/day and settled at $4.059/MMBtu. A…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 36 Bcf natural gas into storage for the week ended July 23, a bullish print that sent natural gas futures higher. Ahead of the inventory report, the prompt month was up 1.6 cents at $3.983/MMBtu. The September contract jumped to around $4.010 when…

Natural gas futures on Monday advanced for a seventh consecutive session as robust domestic cooling demand and strong liquefied natural gas (LNG) export levels continued to drive up prices that are at their highest levels since 2018. The August Nymex contract advanced 4.2 cents day/day and settled at $4.102/MMBtu. The prompt month gained nearly 11%…

Strong heat this week and the prospect of more to come in August helped natural gas futures to keep climbing in early trading Monday. The August Nymex contract was up 9.1 cents to $4.151/MMBtu at around 8:50 a.m. ET. September was up 8.6 cents to $4.128. After breaking through resistance at the $4 mark last…

Traders looked past a bearish storage print by the Energy Information Administration (EIA) on Thursday and focused instead on persistently strong demand and relatively light production, a combination favorable for continued strength in natural gas prices. The prompt month has climbed five straight days and on Thursday topped the $4.00/MMBtu threshold for the first time…

Mixed trends in the weather outlook overnight had natural gas futures easing lower in early trading Friday. The August Nymex contract was down a penny to $3.993/MMBtu as of 8:50 a.m. ET. The American and European weather models trended in opposite directions overnight for the first week of August, with the American dataset adding to…

Traders looked past a bearish storage print by the Energy Information Administration (EIA) on Thursday and focused instead on persistently strong demand and relatively light production, a combination favorable for continued strength in natural gas prices. The prompt month has climbed five straight days and on Thursday topped the $4.00/MMBtu threshold for the first time…

Natural gas futures on Wednesday advanced for a fourth straight day, probing higher from the two-and-a-half-year highs reached earlier this week, with demand robust and anticipation high ahead of the federal government’s storage report Thursday.   The August Nymex contract rose 8.3 cents day/day and settled at $3.959/MMBtu on Wednesday. September gained 8.6 cents to $3.938.…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 49 Bcf natural gas into storage for the week ended July 16. The result was bearish relative to analysts’ median expectations and historic averages, sending natural gas futures lower in morning trading. Ahead of the EIA report, the August contract was down 1.2…