eia storage report

After rallying in the previous session, natural gas futures eased lower early Thursday ahead of a government inventory report widely expected to show a triple-digit injection into Lower 48 stocks. The July Nymex contract was down 2.0 cents to $3.007/MMBtu at around 8:45 a.m. ET. Estimates ahead of this week’s Energy Information Administration (EIA) storage…

Forecasts showing heat setting up over key demand regions in early June supported higher natural gas futures prices in early trading Wednesday. The expiring June contract was up 3.7 cents to $2.950/MMBtu at around 8:50 a.m. ET. July was up 3.0 cents to $3.004. The latest forecast from Bespoke Weather Services early Wednesday showed warmer…

After largely absorbing the bearish impact of a cooler shift in forecasts heading into the current trading week, natural gas futures rebounded early Tuesday amid signs the market remains optimistic about summer pricing.  The June Nymex contract, set to expire this week, was up 3.4 cents to $2.920/MMBtu at around 8:50 a.m. ET. July was…

With no major changes from updated forecasts, and as analysts continued to mull a bearish miss in the latest government inventory data, natural gas futures traded slightly lower early Friday. The June Nymex contract was off 1.3 cents to $2.912/MMBtu at around 8:45 a.m. ET. After some back-and-forth trends in recent runs of the major…

EIA prints a bearish injection of 71 Bcf into storage LNG volumes recover, but pandemic injects India wildcard Cash prices give up more ground amid mild weather Natural gas futures on Thursday extended a losing streak to three days following a bearish government inventory report and absent new near-term catalysts for momentum. The June Nymex…

Utilities added 71 Bcf of natural gas to underground storage for the week ending May 14, the U.S. Energy Information Administration (EIA) reported Thursday. The result exceeded expectations by a substantial margin and sent futures tumbling. “This is very damaging for the bull case,” one participant on The Desk’s online energy platform Enelyst said shortly…

As traders looked ahead to the release of updated government inventory data that could influence where prices move next, natural gas futures hovered close to even in early trading Thursday. The June Nymex contract was down 0.6 cents to $2.958/MMbtu at around 8:45 a.m. ET. Following Wednesday’s 4.8-cent sell-off, the June contract could continue to…

After rocketing higher in the previous session, natural gas futures pared some of their recent gains early Tuesday as weather models showed upcoming heat over the eastern Lower 48 easing toward the end of the month. The June Nymex contract was down 3.5 cents to $3.074/MMBtu at around 8:45 a.m. ET. Weather models as of…

With the latest government inventory data showing Lower 48 stockpiles falling further behind historical norms, natural gas futures climbed a couple cents higher in early trading Friday. The June Nymex contract was up 2.3 cents to $2.996/MMBtu at around 8:45 a.m. ET. The Energy Information Administration (EIA) on Thursday reported an injection of 71 Bcf…