eia storage report

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…

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…

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…

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…

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…

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…

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…

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…

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…