eia storage report

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
November Natural Gas Called Slightly Lower as Traders Await Inventory Data

November Natural Gas Called Slightly Lower as Traders Await Inventory Data

After punching through the $3/MMBtu barrier in the previous session, natural gas futures held relatively steady in early trading Thursday as the market awaited the latest round of government inventory data. The November Nymex contract was off 2.1 cents to $3.002 at around 8:40 a.m. ET. The November contract settled at $3.023 Wednesday, marking the…

October 22, 2020
Delta Looms; Natural Gas Rallies as LNG Exports Could Emerge Stronger Than Ever

Delta Looms; Natural Gas Rallies as LNG Exports Could Emerge Stronger Than Ever

With the market seemingly optimistic that export activity won’t suffer any lasting impacts from the latest hurricane to enter the Gulf of Mexico (GOM), natural gas futures rallied in early trading Friday. November Nymex futures were up 10.9 cents to $2.736/MMBtu at around 8:45 a.m. ET. Rainbands from Hurricane Delta were spreading into southwestern Louisiana…

October 9, 2020
Natural Gas Futures Lower Ahead of ‘Another Wild Day’ as Delta Threatens Louisiana

Natural Gas Futures Lower Ahead of ‘Another Wild Day’ as Delta Threatens Louisiana

With Hurricane Delta posing a threat to export operations along the Gulf Coast, natural gas futures were down in early trading Thursday. The November Nymex contract was off 7.8 cents to $2.528/MMBtu at around 8:40 a.m. ET. According to the National Hurricane Center (NHC), at 8 a.m. ET Delta was about 425 miles south of…

October 8, 2020
Production Down as Delta Approaches GOM; Natural Gas Futures Post Early Gains

Production Down as Delta Approaches GOM; Natural Gas Futures Post Early Gains

As Hurricane Delta bore down on the Gulf of Mexico (GOM), prompting production shut-ins, natural gas futures advanced several cents in early trading Wednesday. The November Nymex contract was up 7.5 cents to $2.595/MMBtu at around 8:40 a.m. ET. Delta was about 35 miles from Cancun, Mexico, as of 8 a.m. ET, moving northwest at…

October 7, 2020
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