eia storage report

January Natural Gas Futures Soar to $4.06 in Thin Holiday Trading; Cash Mostly Higher

January Natural Gas Futures Soar to $4.06 in Thin Holiday Trading; Cash Mostly Higher

Upcoming contract expirations and some wintry weather in the forecast fueled a massive recovery for natural gas futures on Monday. The January Nymex futures contract settled at $4.060/MMBtu, up 32.9 cents from last Thursday’s close. The February contract jumped 31.2 cents to $3.942. Spot gas prices were a mixed bag at the start of the…

December 27, 2021
Colder January Pattern Gives Natural Gas Futures Upward Momentum Over Holiday Weekend

Colder January Pattern Gives Natural Gas Futures Upward Momentum Over Holiday Weekend

As forecasts continued to offer signs of a chillier start to 2022, natural gas futures advanced in early trading Monday. The January Nymex contract was up 14.8 cents to $3.879/MMBtu at around 8:50 a.m. ET, albeit well off the $3.979 high reached in off-hours trading over the weekend. Prices gapped higher following the Christmas holiday…

December 27, 2021
Model Warm-Up Raises Doubts over Cold Potential as Natural Gas Futures Tumble Early

Model Warm-Up Raises Doubts over Cold Potential as Natural Gas Futures Tumble Early

A large decline in heating demand expectations in the latest round of forecasts sent natural gas futures tumbling in early trading Thursday. The January Nymex contract was down 16.1 cents to $3.815/MMBtu at around 8:55 a.m. ET. Forecasts trended warmer overnight to significantly lower projected demand day/day, with the change particularly pronounced in the European…

December 23, 2021
Natural Gas Climb Ahead of EIA Report as Forecasts Add to Cold Expectations Overnight

Natural Gas Climb Ahead of EIA Report as Forecasts Add to Cold Expectations Overnight

Colder overnight forecast trends helped push natural gas futures higher early Thursday as the market prepared to shift its focus to the latest release of government inventory data. The January Nymex contract was up 9.5 cents to $3.897/MMBtu at around 8:50 a.m. ET. Expectations ahead of the latest Energy Information Administration (EIA) storage report, scheduled…

December 16, 2021
Tight Balances Seen Supportive as Natural Gas Futures Inch Higher Early

Tight Balances Seen Supportive as Natural Gas Futures Inch Higher Early

Natural gas futures hovered close to even early Friday as analysts mulled evidence of tight balances and as forecasts continued to tease the potential for somewhat colder temperatures to develop later this month. The January Nymex contract was up 1.7 cents to $3.831/MMBtu at around 8:50 a.m. ET. Updated forecasts early Friday trended slightly colder…

December 10, 2021
Yawn! Natural Gas Futures Price Action a Snooze Fest After Latest EIA Storage Report

Yawn! Natural Gas Futures Price Action a Snooze Fest After Latest EIA Storage Report

The Energy Information Administration (EIA) reported another 59 Bcf withdrawal from natural gas storage inventories, this time for the week ending Dec. 3. The pull was in line with consensus, leaving natural gas traders largely unimpressed. Futures prices had waffled in and out of positive territory early Thursday, and the January Nymex contract was off…

December 9, 2021
Below-Average Withdrawal Expected from EIA as Natural Gas Futures Ease Lower Early

Below-Average Withdrawal Expected from EIA as Natural Gas Futures Ease Lower Early

Natural gas futures were trading slightly lower early Thursday as the market awaited updated government inventory data that was expected to show a lighter-than-average weekly withdrawal from Lower 48 storage. The January Nymex contract was down 3.7 cents to $3.778/MMBtu at around 8:50 a.m. ET. For the latest Energy Information Administration (EIA) storage report, scheduled…

December 9, 2021
Natural Gas Futures Post Fourth Consecutive Loss on Technically Driven Sell-Off; Cash Still Weak

Natural Gas Futures Post Fourth Consecutive Loss on Technically Driven Sell-Off; Cash Still Weak

Natural gas futures could not hold onto early gains Thursday after the latest government storage data failed to generate any buzz in the market. Profit-taking managed to push January Nymex gas futures to a $4.335/MMBtu intraday high early in the session, but with a stubbornly mild weather forecast, the contract eventually settled at $4.056, down…

December 2, 2021
Natural Gas Futures Slips into Red after EIA Reports On-Target 59 Bcf Storage Draw

Natural Gas Futures Slips into Red after EIA Reports On-Target 59 Bcf Storage Draw

The Energy Information Administration (EIA) reported a 59 Bcf withdrawal from natural gas storage inventories for the week ending Nov. 26, which included the Thanksgiving holiday. The draw was nearly dead on with estimates ahead of the EIA report, but much steeper than historical pulls. This initially helped to maintain a modest boost seen along…

December 2, 2021
Natural Gas Futures Called Lower Ahead of EIA Print; Forecast ‘Still Very Warm’

Natural Gas Futures Called Lower Ahead of EIA Print; Forecast ‘Still Very Warm’

Continued meager weather-driven demand expectations kept the pressure on natural gas futures in early trading Thursday as the market awaited the latest round of weekly government inventory data. The January Nymex contract was off 9.8 cents to $4.160/MMBtu at around 8:50 a.m. ET. Estimates ahead of the latest Energy Information Administration (EIA) storage report, scheduled…

December 2, 2021