eia storage report

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.…

A weaker weather pattern seen for the coming two weeks coupled with rising production to send natural gas futures prices sliding on Monday. The July Nymex gas futures contract settled at $3.191, off 2.4 cents from Friday’s close. August slipped 2.1 cents to $3.215. Spot gas prices were mostly lower too, with strong demand mainly…

Natural gas futures finally found their footing in the final hour of trading Thursday after an unusual government inventory report that left traders scratching their heads. Lower export levels and forecasts pointing to less heat next week also weighed on prices, but outlooks for strong demand next month on both fronts provided a late boost.…

A somewhat cooler look to temperatures late this month and the prospect of demand destruction from a storm in the Gulf of Mexico (GOM) helped send natural gas futures lower in early trading Friday. The July Nymex contract was off 6.5 cents to $3.188/MMBtu at around 8:50 a.m. ET. The American and European weather models…

Natural gas futures finally found their footing in the final hour of trading Thursday after an unusual government inventory report that left traders scratching their heads. Lower export levels and forecasts pointing to less heat next week also weighed on prices, but outlooks for strong demand next month on both fronts provided a late boost.…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 16 Bcf into natural gas storage for the week ended June 11. Natural gas futures dived lower after the report. The result was skewed by a one-time adjustment in the Pacific that resulted in a steep decrease in working gas stocks in that…