eia storage report

Natural gas futures jumped Wednesday as traders looked ahead to below-normal temperatures for most of the country in late November and a rare double dose of weekly government storage data Thursday. At A Glance: Prompt month adds 8.4 cents Rockies, California lead cash gains NGI estimates 9 Bcf draw, 43 Bcf injection The December Nymex…

Utilities injected 97 Bcf of natural gas into storage for the week ended Oct. 13, bolstered by a big boost in South Central supplies, the U.S. Energy Information Administration (EIA) reported on Thursday. The result proved bearish versus expectations and recent norms – an 85 Bcf five-year average increase – and drove down Nymex natural…

Natural gas futures found fresh footing early Wednesday, rising 8.0 cents in morning trading, but prices ultimately slumped and the prompt month extended a losing streak to six sessions. Weather forecasts showed more demand in coming weeks and LNG feed gas volumes held strong, but abundant supplies countered. At A Glance: Analysts see moderate injection…

November natural gas futures on Wednesday faltered for the first time in seven sessions as traders booked profits and bulls took a breather ahead of the next potential market catalyst – Thursday’s government inventory report. At A Glance: Modest injection anticipated Production close to 101 Bcf/d Mixed weather-demand view The November Nymex gas futures contract…

As traders looked ahead to a potentially supportive surplus-trimming government inventory report, natural gas futures probed above the $3.000/MMBtu level early Thursday. The November Nymex contract was up 5.5 cents to $3.017 at around 8:50 a.m. ET. December was up 4.9 cents to $3.369. Estimates have the U.S. Energy Information Administration (EIA) revealing a lighter-than-average…

October natural gas futures traded higher for a fourth consecutive day before rolling off the books as the prompt month. Maintenance-imposed production interruptions and stronger LNG volumes offset waning weather-driven demand to support prices. At A Glance: Front month advances 10.8 cents Production proves choppy again High 80s Bcf injection estimated The October Nymex gas…

Natural gas futures fell for a second consecutive day, with cooler weather and diminished demand overshadowing hits to production and a seasonally light storage injection. At A Glance: EIA posts 64 Bcf storage injection Production lower on maintenance Cooling demand dissipates rapidly The October Nymex gas futures contract fell 12.3 cents day/day and settled at…

Natural gas futures snapped a two-day rally with a sharp drop on Wednesday as markets shifted focus to mild weather and persistently strong production. The October Nymex gas futures contract settled at $2.733/MMBtu, down 11.5 cents day/day. November fell 10.5 cents to $2.921. At A Glance: 60s Bcf injection projected Weather demand fades Output holds…

Natural gas futures on Wednesday picked up where they left off the prior session – mired in the red as traders braced for autumn weather and lighter demand. At A Glance: Prompt month sheds 7.2 cents Northeast production slips Market sees 40s Bcf injection Following an 18.3-cent drop a day earlier, the October Nymex gas…