eia storage report

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…

As natural gas traders looked ahead to a potentially pivotal government storage report for an updated gauge on the supply/demand balance, futures retreated a couple cents in early trading Thursday. The April Nymex contract was down 2.5 cents to $2.503/MMBtu at around 8:45 a.m. ET. Major surveys ahead of this week’s storage report from the…

A mild temperature outlook and lingering concerns over a second-consecutive bearish miss from weekly government inventory data saw natural gas futures trading slightly lower early Friday. The April Nymex contract was off 1.6 cents to $2.652/MMBtu at around 8:50 a.m. ET. After overnight changes, the latest forecast from Bespoke Weather Services early Friday showed temperatures…

Natural gas futures on Thursday lost ground for the sixth time in seven sessions after the latest federal inventory report disappointed for a second straight week and forecasts called for easing weather demand. The April Nymex contract settled at $2.668/MMBtu, down 2.4 cents day/day. May shed 2.5 cents to $2.703. NGI’s Spot Gas National Avg.…

The U.S. Energy Information Administration (EIA) on Thursday said natural gas storage for the week ended March 5 declined by 52 Bcf, a reduction that fell short of expectations. It marked the second straight substantial miss for analysts.  Ahead of the EIA report, the April Nymex natural gas contract was down 2.0 cents at $2.672/MMBtu.…

As traders looked ahead to the release of the latest round of government storage data, natural gas futures were down early Thursday, paring the previous session’s gains. After climbing 3.0 cents in Wednesday’s settlement, the April Nymex contract was off 2.1 cents to $2.671/MMBtu at around 8:50 a.m. ET. Predictions for this week’s Energy Information…

As updated forecasts showing generally mild March temperatures continued to offer little support for prices, natural gas futures were down a couple cents in early trading Wednesday. The April Nymex contract was off 2.0 cents to $2.642/MMBtu at around 8:50 a.m. ET. The latest forecast from Bespoke Weather Services early Wednesday showed an overall warmer-trending…

Warm adjustments to the forecast and lingering questions surrounding bearish government inventory data pressured natural gas futures lower early Friday. The April Nymex contract was down 1.8 cents to $2.728/MMBtu at around 8:45 a.m. ET. The latest forecasts early Friday showed some warmer changes focused on next week, when national gas-weighted degree days are on…