eia storage report

The U.S. Energy Information Administration (EIA) on Thursday reported a paltry withdrawal of 98 Bcf from natural gas storage for the week ended Feb. 26. The result fell far short of the midpoint of analysts’ estimates, sending Nymex natural gas futures spiraling lower. “It implies super weak supply/demand balances,” Bespoke Weather Services said. Ahead of…

With no major changes to the weather outlook overnight, and with traders awaiting the latest government inventory data to get an updated read on balances, natural gas futures were trading slightly lower early Thursday. The April Nymex contract was off 2.5 cents to $2.791/MMBtu at around 8:45 a.m. ET. Predictions ahead of today’s Energy Information…

A decidedly mild temperature outlook for the first half of March sent natural gas futures grinding lower in early trading Friday. The April Nymex contract was down 3.6 cents to $2.741/MMBtu at around 8:50 a.m. ET.  Now that the market has had a chance to digest the 300-plus Bcf weekly withdrawal reported in the latest…

The Energy Information Administration (EIA) reported a monstrous 338 Bcf withdrawal from natural gas storage for the historically cold week ending Feb. 19, falling short of the all-time high but easily taking the second spot. April natural gas futures prices briefly bounced on the EIA figure, but anyone who blinked may have missed it. The…

As traders and analysts awaited a full accounting from the latest government inventory data of last week’s deep freeze, natural gas futures were up slightly early Thursday. The April Nymex contract was up 1.0 cent to $2.805/MMBtu at around 8:50 a.m. ET. This week’s Energy Information Administration (EIA) storage inventory report, scheduled for 10:30 a.m.…

Natural gas futures were down sharply in early trading Monday, pressured by a warmer weather outlook and production coming back online following last week’s cold-related disruptions. The March Nymex contract was down 13.8 cents to $2.931/MMBtu at around 8:50 a.m. ET. Forecasts trended warmer over the weekend, showing a warmer than normal pattern for early…

As traders and analysts contemplated the supply/demand balance implications of unprecedented disruptions in the natural gas system over the past week, futures prices hovered close to even in early trading Friday. The March Nymex contract was up 0.6 cents to $3.088/MMBtu at around 8:45 a.m. ET. Milder temperatures over the weekend and moderating prices in…

Domestic crude oil inventories dropped substantially for a second straight week for the week ended Feb. 12, the U.S. Energy Information Administration (EIA) said Thursday, as demand increased and production declined. Analysts said the surge in frigid weather that blasted the nation’s midsection this week and upended daily life in Texas – where energy infrastructure…

The Energy Information Administration (EIA) reported a 237 Bcf withdrawal from natural gas storage inventories for the week ending Feb. 12, not showing nearly as steep a drawdown as what had been expected by the market. Nymex natural gas futures were already sharply lower ahead of the EIA report and then fell even more once…