eia storage report

Fueled by a large decline in production, intense heat and a return to strong exports, the Energy Information Administration (EIA) reported a modest 16 Bcf injection into storage inventories for the week ending July 2. The figure came in below the lowest of expectations, sending Nymex natural gas futures screaming higher. The August Nymex contract…

Coming off losses in the previous two sessions, natural gas futures continued to slide in early trading Thursday as the market prepared to digest the latest round of government inventory data. The August Nymex contract was off 2.0 cents to $3.576/MMBtu at around 8:50 a.m. ET. Ahead of this week’s Energy Information Administration (EIA) storage…

The uncertainty created by a sharp decline in production proved too much to bear (no pun intended) for the natural gas market on Thursday. Traders eventually brushed off a large miss in the latest government storage report, sending the August Nymex gas futures up another 1.1 cents to $3.661. The September contract tacked on eighth-tenths…

The Energy Information Administration (EIA) launched a “bear bomb” on the natural gas market Thursday, reporting a much larger-than-expected 76 Bcf injection into storage for the week ending June 25. The EIA figure was slightly outside the range of expectations in major surveys and 3 Bcf above last year’s build for the similar period. The…

Natural gas futures seemed headed for another volatile session Thursday, rallying in early trading ahead of the latest round of government inventory data. The August Nymex contract was up 10.0 cents to $3.750/MMBtu at around 8:50 a.m. ET. Estimates ahead of this week’s Energy Information Administration (EIA) storage report, scheduled for 10:30 a.m. ET, have…

July natural gas futures charged like a lion Monday, surging 12.1 cents from Friday’s levels as a historic heat wave continued to smother the Pacific Northwest, leading to pipeline issues and amplified demand. Notable heat also blanketed the East Coast, and with forecasts pointing to more hot weather ahead, the July Nymex contract extended its…

A very tight government inventory report sparked an initial rebound in natural gas futures on Thursday. But it was heat seen through the first full week of July and some technical drivers that sent futures surging later in the session. The July Nymex gas futures contract shot up 8.5 cents to settle at $3.418. August…

The Energy Information Administration (EIA) confirmed much tighter natural gas supply/demand balances for the week ending June 18, reporting a modest 55 Bcf injection into storage. The latest EIA figure was well below historical levels, coming in 60 Bcf below last year’s injection and 28 Bcf below the five-year average. It also was a tick…

Following cooler trends in recent weather model runs, natural gas futures eased lower early Thursday as traders awaited the latest round of government inventory data. The July Nymex contract was off 0.9 cents to $3.324/MMBtu at around 8:40 a.m. ET. Surveys ahead of this week’s Energy Information Administration (EIA) storage report, scheduled for 10:30 a.m.…