eia storage report

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
Models Tease Cooler Temperatures Next Month as Natural Gas Futures Pare Losses Early

Models Tease Cooler Temperatures Next Month as Natural Gas Futures Pare Losses Early

With weather models teasing the prospect of some cooler temperatures reaching the eastern Lower 48 next month, natural gas futures pared their losses in early trading Friday. After falling 12.0 cents in the previous session, the December Nymex contract was up 7.3 cents to $2.665/MMbtu at around 8:45 a.m. ET. In terms of projected demand,…

November 20, 2020
Natural Gas Futures Retreat on Milder Forecasts, Potential Injection from EIA Storage

Natural Gas Futures Retreat on Milder Forecasts, Potential Injection from EIA Storage

Another milder shift in the overnight forecasts, coinciding with expectations for an unseasonable injection from the latest round of government inventory data, helped send natural gas futures tumbling in early trading Thursday. The December Nymex contract was down 15.1 cents to $2.561/MMBtu at around 8:40 a.m. ET. NatGasWeather attributed selling early Thursday to warmer trends…

November 19, 2020
Forecasts ‘Not as Warm-Dominated’ as Natural Gas Futures Post Early Gains

Forecasts ‘Not as Warm-Dominated’ as Natural Gas Futures Post Early Gains

Cooler-trending forecasts helped natural gas futures to pare some of their recent losses in early trading Wednesday. The December Nymex contract was up 4.7 cents to $2.739/MMBtu at around 8:40 a.m. ET. The major weather models added demand to the outlook overnight, with both the American and European datasets now showing at least 10 additional…

November 18, 2020
Natural Gas Tumbles on Bearish Forecasts as ‘Old Man Winter Remains Tardy’

Natural Gas Tumbles on Bearish Forecasts as ‘Old Man Winter Remains Tardy’

Natural gas futures traded sharply lower early Monday as the latest forecasts lowered weather-driven demand expectations and signaled that mild weather could stretch into early December. The December Nymex contract was off 15.1 cents to $2.844/MMBtu at around 8:40 a.m. ET. Weather data was “decidedly” bearish trending over the weekend, with forecast demand dropping compared…

November 16, 2020
Weekly Natural Gas Prices Mount Comeback on Northern Cold Blast

Weekly Natural Gas Prices Mount Comeback on Northern Cold Blast

Weekly cash prices rebounded from the nosedive of a week earlier, lifted by a round of winter weather in the Northern Plains that gradually pushed eastward and galvanized heating demand over swaths of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Nov. 9-13 period climbed 12.5 cents to $2.510. The week before,…

November 13, 2020
Natural Gas Futures Pare Losses Early as Traders Look Ahead to EIA Data

Natural Gas Futures Pare Losses Early as Traders Look Ahead to EIA Data

As traders awaited the latest government inventory data to help gauge the supply/demand balance, a small increase in weather-driven demand expectations helped natural gas futures cut into the previous session’s losses in early trading Friday.  After dipping 5.5 cents Thursday, the December Nymex contract was up 4.5 cents to $3.021/MMBtu at around 8:45 a.m. ET…

November 13, 2020
Warm Forecast Pulls Natural Gas Bears Out of Hibernation as Futures Continue Slide

Warm Forecast Pulls Natural Gas Bears Out of Hibernation as Futures Continue Slide

Continued warmth in the temperature outlook kept natural gas futures bulls on the defensive in early trading Friday. After recording heavy losses this week, the December Nymex contract was down another 2.6 cents to $2.916/MMBtu at around 8:40 a.m. ET. Based on the latest guidance, Bespoke Weather Services reduced its projected gas-weighted degree day totals…

November 6, 2020
December Natural Gas Slides Ahead of EIA Report as Lower 48 Production Seen Recovering

December Natural Gas Slides Ahead of EIA Report as Lower 48 Production Seen Recovering

As traders looked ahead to the latest round of government inventory data, and as analysts noted signs of production recovering following declines earlier this week, natural gas futures were down sharply in early trading Thursday. The December Nymex contract was off 9.7 cents to $3.194/MMBtu at around 8:50 a.m. ET. Predictions for the Energy Information…

October 29, 2020