eia storage report

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.…

After losing ground in the previous session, natural gas futures clawed back a few cents in early trading Wednesday even as analysts continued to see downside risks for prices on weak near-term fundamentals. The April Nymex contract was up 2.5 cents to $2.533/MMBtu at around 8:50 a.m. ET. Forecasts early Wednesday showed a slight increase…

Continued expectations for mild temperatures later this month into early April saw natural gas futures reverse some of their gains from the previous session in early trading Tuesday. The April Nymex contract was down 2.6 cents to $2.556/MMBtu at around 8:50 a.m. ET. Overnight changes in the weather data included a loss of 13 heating…

As traders and analysts considered the implications of another smaller than expected withdrawal from the latest government inventory data, natural gas futures hovered close to even in early trading Friday. The April Nymex contract was off 0.4 cents to $2.477/MMBtu at around 8:50 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported a…

Natural gas futures fell further on Thursday — the 10th decline in the last 12 trading sessions — after a bearish storage report and forecasts that showed continued expectations for moderating heating demand. The April Nymex contract settled at $2.481/MMBtu, down 4.7 cents day/day. May lost 4.4 cents to $2.511. Diminished near-term weather demand also…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 11 Bcf from natural gas storage for the week ended March 12. The result fell shy of analyst estimates and punctuated market concerns about weakened weather-driven demand. “It was much warmer than normal over the northern and central U.S., while slightly cool over…