eia storage report

A couple of minor surprises in the latest government storage report sparked a modest gain for natural gas futures ahead of the long Easter weekend. With a few brief cold snaps on the radar, the May contract finished Thursday’s session 3.1 cents higher day/day at $2.639. Spot gas prices were lower, however, amid weak holiday…

The Energy Information Administration (EIA) reported a net 14 Bcf injection into natural gas storage for the week ending March 26, coming in slightly below market expectations and prematurely putting an end to the withdrawal season that traditionally runs through the end of March. The EIA figure included a 4 Bcf revision to the prior…

As natural gas traders looked ahead to the release of updated government storage data, expected to usher in the start of the injection season, futures were trading slightly lower early Thursday. The May Nymex contract was off 1.4 cents to $2.594/MMBtu at around 8:45 a.m. ET. Based on estimates, this week’s U.S. Energy Information Administration…

Natural gas futures were trading slightly higher early Wednesday as the latest forecasts advertised little change to the outlook and as technical factors were seen as a major influence on recent price action. The May Nymex contract was up 1.6 cents to $2.639/MMBtu at around 8:45 a.m. ET. In terms of the weather outlook, updated…

With little change to the temperature outlook in the latest round of forecast data, natural gas futures hovered close to even in early trading Tuesday. The May Nymex contract was up 0.1 cents to $2.654/MMBtu at around 8:45 a.m. ET. There were no major changes in the overnight weather data, according to NatGasWeather. Both the…

Preserving most of the gains recorded in the previous session, natural gas futures hovered slightly below even early Friday as analysts continued to examine the balance implications of the latest government inventory report.  The April Nymex contract was down 1.5 cents to $2.555/MMBtu at around 8:50 a.m. ET. May was off 0.9 cents to $2.607.…

Natural gas futures rallied on Thursday after a bullish government inventory report and amid consistently solid demand for U.S. liquefied natural gas (LNG) exports. The April Nymex contract climbed 5.2 cents day/day and settled at $2.570/MMBtu. May gained 4.8 cents to $2.616. It marked the fourth time in five trading sessions that the prompt month…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 36 Bcf from natural gas storage for the week ending March 19. The pull was steeper than market expectations, boosting Nymex futures. “It was cooler than normal over areas of the West, Plains and New England” during the EIA report period, according to…

Encumbered by a weak near-term demand outlook, natural gas futures skidded lower early Thursday as traders and analysts looked ahead to the latest round of government inventory data. The April Nymex contract was off 2.1 cents to $2.497/MMBtu at around 8:50 a.m. ET, while May was down 3.2 cents to $2.536. For this week’s U.S.…