eia storage report

With the latest model trends favoring more warmth in the United States over the next two weeks, natural gas futures retreated in early trading Friday. The February Nymex contract was down 7.8 cents to $2.651/MMBtu at around 8:40 a.m. ET. In its latest forecast early Friday, Bespoke Weather Services said the outlook shifted warmer for…

Natural gas prices traded sideways much of Thursday before creeping upward and ultimately finishing in positive territory. Traders assessed a storage withdrawal that fell short of expectations against continued strong U.S. liquefied natural gas (LNG) exports and the potential for colder domestic temperatures later in January. The February Nymex gas futures contract settled at $2.729,…

As traders accounted for milder trends in the latest forecasts and potential price impacts from upcoming government inventory data, natural gas futures were trading a few ticks lower early Thursday. The February Nymex contract was down 1.8 cents to $2.698/MMBtu at around 8:45 a.m. ET. As of early Thursday, the American and European weather models…

Colder trends in the forecast, set against a backdrop of bullish expectations for prices in the year ahead, saw natural gas futures rally to start off 2021. As of around 8:45 a.m. ET Monday, the February Nymex contract was up 13.0 cents to $2.669/MMBtu. Compared to expectations prior to the New Year’s Day holiday, forecasts…

Natural gas futures closed the book on 2020 with a bang after weather models flipped colder for the next couple of weeks and production dipped back below 90 Bcf/d. The February Nymex futures contract settled Thursday at $2.539, up 11.7 cents day/day. March climbed 10.4 cents to $2.526. Spot gas, which traded Thursday for delivery…

An increase in projected demand from the European weather model overnight helped spark gains for natural gas futures in early trading Thursday. The February Nymex contract was up 6.5 cents to $2.487/MMBtu at around 8:45 a.m. ET. As of early Thursday, the European weather model had gained more than 15 heating degree days over the…

Natural gas futures were trading close to even early Wednesday as the latest forecasts continued to show mild temperatures dominating the Lower 48 through the first half of January. The February Nymex contract was off 0.3 cents to $2.441/MMBtu at around 8:45 a.m. ET. After undergoing a major warm shift over this past weekend, the…

Natural gas futures extended their recent losses in early trading Thursday as the major weather models weakened expected cold in the forecast. After tumbling 17.2 cents in Wednesday’s settlement, the January Nymex contract was down another 2.5 cents to $2.583/MMBtu at around 8:45 a.m. ET. February was off 2.8 cents to $2.560. The early selling…

As the market prepared to digest the latest government inventory data, expected to show a hefty withdrawal from U.S. gas stocks, mixed overnight weather trends saw natural gas futures retreat in early trading Wednesday. The January Nymex contract was off 6.7 cents to $2.713/MMBtu at around 8:35 a.m. ET. After previously showing a warmer outlook…