eia storage report

Weekly cash prices rebounded from the nosedive of a week earlier, lifted by a round of winter weather in the Northern Plains that gradually pushed eastward and galvanized heating demand over swaths of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Nov. 9-13 period climbed 12.5 cents to $2.510. The week before,…

As traders awaited the latest government inventory data to help gauge the supply/demand balance, a small increase in weather-driven demand expectations helped natural gas futures cut into the previous session’s losses in early trading Friday.  After dipping 5.5 cents Thursday, the December Nymex contract was up 4.5 cents to $3.021/MMBtu at around 8:45 a.m. ET…

Continued warmth in the temperature outlook kept natural gas futures bulls on the defensive in early trading Friday. After recording heavy losses this week, the December Nymex contract was down another 2.6 cents to $2.916/MMBtu at around 8:40 a.m. ET. Based on the latest guidance, Bespoke Weather Services reduced its projected gas-weighted degree day totals…

As traders looked ahead to the latest round of government inventory data, and as analysts noted signs of production recovering following declines earlier this week, natural gas futures were down sharply in early trading Thursday. The December Nymex contract was off 9.7 cents to $3.194/MMBtu at around 8:50 a.m. ET. Predictions for the Energy Information…

After punching through the $3/MMBtu barrier in the previous session, natural gas futures held relatively steady in early trading Thursday as the market awaited the latest round of government inventory data. The November Nymex contract was off 2.1 cents to $3.002 at around 8:40 a.m. ET. The November contract settled at $3.023 Wednesday, marking the…

With the market seemingly optimistic that export activity won’t suffer any lasting impacts from the latest hurricane to enter the Gulf of Mexico (GOM), natural gas futures rallied in early trading Friday. November Nymex futures were up 10.9 cents to $2.736/MMBtu at around 8:45 a.m. ET. Rainbands from Hurricane Delta were spreading into southwestern Louisiana…

With Hurricane Delta posing a threat to export operations along the Gulf Coast, natural gas futures were down in early trading Thursday. The November Nymex contract was off 7.8 cents to $2.528/MMBtu at around 8:40 a.m. ET. According to the National Hurricane Center (NHC), at 8 a.m. ET Delta was about 425 miles south of…

As Hurricane Delta bore down on the Gulf of Mexico (GOM), prompting production shut-ins, natural gas futures advanced several cents in early trading Wednesday. The November Nymex contract was up 7.5 cents to $2.595/MMBtu at around 8:40 a.m. ET. Delta was about 35 miles from Cancun, Mexico, as of 8 a.m. ET, moving northwest at…