eia storage report

Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell…

October 11, 2021
November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

After another week of turbulent swings in the natural gas market, bulls and bears appeared ready to take a breather on Friday. November Nymex gas futures still gyrated in a more than 30-cent range, but were poised to settle nearly flat on the day before a late-session sell-off ended with the contract off 11.2 cents…

October 8, 2021
Natural Gas Futures Finish Flat After EIA Storage Data Points to Looser U.S. Balances

Natural Gas Futures Finish Flat After EIA Storage Data Points to Looser U.S. Balances

With European natural gas prices continuing to sell off and U.S. fundamentals remaining firmly in bear territory following the government’s latest storage report, futures prices slid early. The November Nymex contract touched a $5.393/MMBtu intraday low but popped quite a bit given little change in the global backdrop, settling Thursday at $5.677, up two-tenths of…

October 7, 2021
EIA Reports ‘Very Ugly’ 118 Bcf Injection into Natural Gas Storage; Price Action Unstable

EIA Reports ‘Very Ugly’ 118 Bcf Injection into Natural Gas Storage; Price Action Unstable

Natural gas storage inventories during the week ending Oct. 1 rose by a stunning 118 Bcf, according to the Energy Information Administration (EIA). The triple-digit injection came in about 10 Bcf higher than market consensus and promptly sent Nymex futures, already sharply lower, tumbling further. In the minutes leading up to the EIA’s weekly storage…

October 7, 2021
Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle

Natural Gas Futures Open Week Sharply Higher, but Fail to Maintain $6 Handle

Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. Spot gas…

October 4, 2021
October Natural Gas Futures Finish with Flurry, Flirt with $6.00; Cash Prices Surge

October Natural Gas Futures Finish with Flurry, Flirt with $6.00; Cash Prices Surge

Natural gas futures flew higher again on Monday – up more than 30 cents early — as worries about global energy supplies intensified and bulls dominated U.S. trading ahead of front-month expiration. Traders took some profits in afternoon action, but the October contract still finished in the green and up more than 70 cents over…

September 28, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021
Analysts See Regional Tightness as Natural Gas Futures Extend Rebound

Analysts See Regional Tightness as Natural Gas Futures Extend Rebound

Natural gas futures continued to rebound early Friday as the market contemplated lean stockpiles heading into winter, as well as the looming front-month expiration. The October Nymex contract was up 9.7 cents to $5.073/MMBtu at around 8:50 a.m. ET. November was trading 10.2 cents higher at $5.145. The U.S. Energy Information Administration (EIA) on Thursday…

September 24, 2021
In-Line Storage Injection Bolsters October Natural Gas Futures Recovery

In-Line Storage Injection Bolsters October Natural Gas Futures Recovery

Utilities injected 76 Bcf natural gas into underground storage for the week ended Sept. 17, the U.S. Energy Information Administration (EIA) reported Thursday. The print was essentially on par with market expectations and supported a Nymex natural gas futures recovery. With robust global demand for U.S. exports of liquefied natural gas (LNG) and peak domestic…

September 23, 2021
EIA Data ‘Front and Center’ as Natural Gas Futures Called Higher Early

EIA Data ‘Front and Center’ as Natural Gas Futures Called Higher Early

Natural gas futures nudged higher early Thursday as traders awaited the latest round of government inventory to help determine the next move for prices. The October Nymex contract was up 5.0 cents to $4.855 at around 8:50 a.m. ET. Surveys ahead of this week’s U.S. Energy Information Administration (EIA) storage report, scheduled for 10:30 a.m.…

September 23, 2021
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