eia storage report

Natural Gas Futures Called Slightly Higher Ahead of EIA Storage Print; Weather Models ‘Flip-Flopping’

Natural Gas Futures Called Slightly Higher Ahead of EIA Storage Print; Weather Models ‘Flip-Flopping’

Amid inconsistency from the weather models, natural gas futures were up slightly in early trading Thursday as traders shifted focus to the latest release of government inventory data. The January Nymex contract was up 1.4 cents to $2.691/MMBtu at around 8:45 a.m. ET. Predictions ahead of this week’s Energy Information Administration (EIA) storage report, scheduled…

December 17, 2020
Models Hint at ‘Decreased Risk’ for Early January Cold as Natural Gas Futures Slide

Models Hint at ‘Decreased Risk’ for Early January Cold as Natural Gas Futures Slide

With weather models suggesting a decreased chance of colder temperatures arriving to ring in the new year, natural gas futures fell in early trading Wednesday. The January Nymex contract was down 3.1 cents to $2.651/MMBtu at around 8:45 a.m. ET. Overnight changes to the weather data were bearish, with models indicating a “decreased risk” of…

December 16, 2020
Models Teasing Cold Around New Years as Natural Gas Futures Extend Rally

Models Teasing Cold Around New Years as Natural Gas Futures Extend Rally

Boosted in part by the prospect of a colder temperature shift around the start of the new year, natural gas futures surged higher in early trading Monday. The January Nymex contract was up 10.1 cents to $2.692/MMBtu at around 8:45 a.m. ET. Compared to previous expectations, the weather outlook was largely unchanged early Monday, according…

December 14, 2020
Supply/Demand Tightness Bolsters Natural Gas Futures as Weather Outlook Remains Unclear

Supply/Demand Tightness Bolsters Natural Gas Futures as Weather Outlook Remains Unclear

Despite mixed signals from the weather data, evidence of tight balances in the latest government inventory data helped further bolster natural gas futures in early trading Friday. After advancing 11.1 cents in Thursday’s session, the January Nymex contract was up another 6.7 cents to $2.620/MMBtu at around 8:40 a.m. ET. Overnight, the American weather modeling…

December 11, 2020
Natural Gas Futures Near Even as Market Turns to EIA Storage; Overnight Guidance Mixed

Natural Gas Futures Near Even as Market Turns to EIA Storage; Overnight Guidance Mixed

With the market preparing to digest the latest round of government inventory data, and awaiting more clarity from weather models on temperatures later this month, natural gas futures were close to unchanged in early trading Thursday. The January Nymex contract was down 0.1 cents to $2.441/MMBtu at around 8:45 a.m. ET. Estimates for this week’s…

December 10, 2020
Colder Forecast Trends Lift January Natural Gas Futures Early

Colder Forecast Trends Lift January Natural Gas Futures Early

Natural gas futures rebounded in early trading Wednesday as the latest weather data showed less warmth in the weeks ahead. The January Nymex contract was up 10.4 cents to $2.503/MMBtu at around 8:50 a.m. ET. Weather models overnight extended colder trends from Tuesday’s midday runs, resulting in an increase in gas-weighted degree day expectations in…

December 9, 2020
Winter Risk Premium ‘Close to Zero’ Amid Mild Temperatures; January Natural Gas Steady Early

Winter Risk Premium ‘Close to Zero’ Amid Mild Temperatures; January Natural Gas Steady Early

With seemingly no end in sight for milder winter temperatures in the forecast, natural gas futures, coming off a 27.3-cent rout in the previous session, traded close to even early Friday. The January Nymex contract was off 0.7 cents to $2.500/MMBtu at around 8:50 a.m. ET. Updated forecast guidance appeared to offer little encouragement for…

December 4, 2020
Bearish Overnight Guidance Prompts ‘Panic-Selling’ as Natural Gas Futures Plummet Early

Bearish Overnight Guidance Prompts ‘Panic-Selling’ as Natural Gas Futures Plummet Early

Natural gas futures were in freefall early Thursday as overnight guidance further weakened the amount of potential cold expected to arrive later this month. After dropping 10.0 cents in Wednesday’s trading, the January Nymex contract was down another 16.3 cents to $2.617/MMBtu at around 8:50 a.m. ET. Coming off of milder trends for the Dec.…

December 3, 2020
Natural Gas Futures Called Lower as Traders Look Ahead to Front Month Expiration, EIA Data

Natural Gas Futures Called Lower as Traders Look Ahead to Front Month Expiration, EIA Data

Natural gas futures retreated somewhat early Wednesday as traders weighed the potential for the front month expiration and the impending release of new government inventory data to influence prices. The expiring December Nymex contract was down 2.4 cents to $2.751/MMBtu at around 8:45 a.m. ET. January was down 2.0 cents to $2.880. The latest forecast…

November 25, 2020
Forecasts Seen Less Bearish as Natural Gas Futures Extend Gains Early

Forecasts Seen Less Bearish as Natural Gas Futures Extend Gains Early

Boosted by a colder look to forecasts for early December, natural gas futures extended their recent gains in early trading Tuesday. The December Nymex contract was up 5.5 cents to $2.766/MMBtu at around 8:40 a.m. ET. January was up 6.3 cents to $2.886. After “not being quite as bearish” in Monday’s runs, the weather data…

November 24, 2020