eia storage report

The Energy Information Administration (EIA) reported a 98 Bcf injection into natural gas inventories for the week ending June 4, falling within a fairly tight range of expectations. Although the figure failed to reach triple-digit status, futures prices retreated from earlier highs. The July Nymex futures contract was trading at around $3.190/MMBtu ahead of the…

As traders prepared to digest a potential triple-digit injection from the latest round of government inventory data, and as weather models hinted at hot temperatures developing later this month, natural gas futures probed slightly higher early Thursday. The July Nymex contract was up 1.8 cents to $3.147/MMBtu at around 8:45 a.m. ET. Estimates have been…

Traders shrugged off somewhat weaker heat in the latest forecasts to send natural gas futures a few cents higher early Friday. The July Nymex contract was up 2.4 cents to $3.065/MMBtu at around 8:50 a.m. ET. Updated forecasts early Friday showed an overall drop in demand expectations for the next 15 days, marking a third…

A sub-triple-digit storage injection couldn’t prevent another drop in natural gas futures on Thursday, the second in a row. Instead, reduced intensity in projected June heat sent the July Nymex gas futures contract down 3.4 cents to $3.041. August slipped 3.5 cents to $3.059. Spot gas prices reversed course, giving back some of the previous…

Unlike the prior two weeks, the Energy Information Administration (EIA) in underwhelming fashion reported an on-target 98 Bcf injection in natural gas storage inventories for the week ending May 28. Despite the lack of surprises in the EIA data, Nymex futures prices strengthened on the figure, as traders appeared to breathe a sigh of relief…

A moderating forecast for mid-June temperatures kept the pressure on natural gas futures early Thursday as traders awaited the latest round of government inventory data. The July Nymex contract was down 1.0 cents to $3.065/MMBtu at around 8:50 a.m. ET. Estimates for this week’s Energy Information Administration (EIA) storage report, scheduled for 10:30 a.m. ET,…

With a flip of the calendar and a notably warmer outlook for June, natural gas futures prices roared back after the Memorial Day holiday weekend. A sharp decline in supply — though seen as possibly temporary — also influenced pricing, with the July Nymex futures contract settling Tuesday at $3.104/MMBtu, 11.8 cents higher than Friday’s…

Helped along by some additional heat in the latest forecasts, natural gas futures rebounded back above the $3 mark in early trading Friday. Roughly erasing the previous session’s losses, the July Nymex contract was up 6.7 cents to $3.025/MMBtu at around 8:50 a.m. ET. The latest 15-day forecast from Bespoke Weather Services showed a small…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 115 Bcf natural gas into storage for the week ending May 21. The result was bearish relative to analyst expectations and sent natural gas futures lower. Ahead of the EIA report, the July contract was down 1.7 cents at $3.010/MMBtu. The prompt month…