eia storage report

What remains of the official natural gas inventory withdrawal season could be limited by the possible net injection into natural gas stocks for the week of March 8. Amid already swollen natural gas supplies, an early injection, although not unprecedented, could send natural gas prices reeling. In its upcoming storage report, the U.S. Energy Information…

After facing relentless selling pressure in recent sessions, natural gas futures pared some of those losses early Thursday as overnight weather models were seen shifting somewhat cooler. The March Nymex contract was up 2.9 cents to $1.638/MMBtu as of 8:38 a.m. ET. The front month on Wednesday probed as low as $1.590, testing a key…

Mostly benign winter weather, robust U.S. production and ample imports of Canadian supply put Pacific region natural gas storage levels far above historical norms early in 2024, keeping prices in check. The U.S. Energy Information Administration (EIA) most recently printed a national storage withdrawal of 75 Bcf for the week ended Feb. 2. It paled…

Natural gas futures inched higher early Thursday as traders prepared to digest the latest government inventory data, expected to show another strong January withdrawal.  The March Nymex contract was up 1.2 cents to $2.112/MMBtu at around 8:41 a.m. ET. April was up 0.6 cents to $2.127. In the follow-up to last week’s record-challenging 326 Bcf…

The whopping 326 Bcf of natural gas that utilities pulled from storage in the third week of January amplified concerns that capacity may prove inadequate in coming years as U.S. production further escalates to meet global LNG demand. “As the size of North America’s gas market has ballooned in recent years, storage capacity expansions have…

Natural gas futures rose for a second day Wednesday, supported by still-mild weather forecasts shedding some of their spring-like warmth and a burst of technical momentum across the forward curve. At A Glance: Plus-300 Bcf storage draw expected Forecast remains warmest in 45 years Production rises to 103 Bcf/d Building on a 3.1-cent gain Tuesday,…

Natural gas futures found firmer footing Wednesday as looming winter weather trumped vigorous production volumes and expectations for another government report showing stout supplies in storage. At A Glance: Lean storage draw expected Mid-January freeze looms Production remains elevated Following a 5.4-cent gain to open regular trading for 2024 the day before, the February Nymex…

Nymex natural gas futures soared early in the regular trading session on Wednesday but gave back larger gains as revisions to weather forecasts sapped several days of heating demand. At A Glance: February futures up 1.8 cents  Cold weather eyed for support Chill drives cash higher January futures ended its run as the front-month contract…

The U.S. Energy Information Administration (EIA) on Thursday reported an 87 Bcf withdrawal from natural gas storage for the week ended Dec. 15. The draw was an upside miss against expectations and sent Nymex natural gas futures higher. January futures traded 3.0 cents higher day/day at around $2.477/MMBtu ahead of the 10:30 a.m. ET report.…