eia storage report

Natural Gas Futures Rebound Early; Market Anticipating EIA Injection

Natural Gas Futures Rebound Early; Market Anticipating EIA Injection

Natural gas futures pared losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas (LNG) takeaway continued to lend support to prices. Coming off a 36.1-cent sell-off in the previous session, the December Nymex contract was up 17.7 cents to $4.993/MMBtu at around 8:50 a.m. ET. Analysts at…

November 18, 2021
Natural Gas Prices Reverse Course, with December Futures in Freefall

Natural Gas Prices Reverse Course, with December Futures in Freefall

Natural gas futures careened on Wednesday amid profit-taking and expectations for a relatively plump storage increase for mid-November. The December Nymex contract dropped 36.1 cents day/day and settled at $4.816/MMBtu. January fell 35.6 cents to $4.914. NGI’s Spot Gas National Avg. shed 18.5 cents to $4.845. The prompt month had advanced more than 38 cents…

November 17, 2021
December Natural Gas Futures, Cash Prices Fail to Find Footing – Again – Even After Modest Storage Increase

December Natural Gas Futures, Cash Prices Fail to Find Footing – Again – Even After Modest Storage Increase

Despite a benign government inventory report, natural gas futures fell a fourth consecutive session on Wednesday as traders contemplated unfavorable mid-range weather outlooks and the potential for a pullback in demand for U.S. exports. The December Nymex contract settled at $4.880/MMBtu, down 9.9 cents day/day and near a two-month low. January fell 9.6 cents to…

November 10, 2021
December Natural Gas Futures Extend Rally, Propelled by Mounting Demand Expectations

December Natural Gas Futures Extend Rally, Propelled by Mounting Demand Expectations

Natural gas futures skidded lower on Thursday after the latest government inventory report showed looser supply/demand balances. Still, prices recovered in afternoon trading as the market shifted its focus back to cold weather in the East this week and the potential for more widespread freezes later in November. The December Nymex contract climbed 4.6 cents…

November 4, 2021
December Natural Gas Futures See-Saw After EIA Prints in-Line Storage Injection

December Natural Gas Futures See-Saw After EIA Prints in-Line Storage Injection

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 63 Bcf natural gas into storage for the week ended Oct. 29. The result was on par with market expectations and elicited a muted response from futures traders. Ahead of the EIA report, the December contract was up 7.2 cents at $5.742/MMBtu. The…

November 4, 2021
Natural Gas Futures Ease Lower Ahead of EIA Report as Mild Temps Seen Pressuring Prices

Natural Gas Futures Ease Lower Ahead of EIA Report as Mild Temps Seen Pressuring Prices

Against a backdrop of generally unimpressive heating demand expectations, natural gas futures eased lower early Thursday as traders awaited the latest round of government inventory data to deliver a potential market-moving signal. The December Nymex contract was down 2.6 cents to $5.644/MMBtu at around 8:45 a.m. ET. Surveys ahead of the Energy Information Administration’s (EIA)…

November 4, 2021
Pressure Persists on Natural Gas Prices, with December Futures Down a Third Straight Day

Pressure Persists on Natural Gas Prices, with December Futures Down a Third Straight Day

Natural gas futures fell again Monday as forecasts for more mild fall weather and light demand eclipsed robust liquefied natural gas (LNG) levels. The December Nymex contract settled at $5.186/MMBtu, down 24.0 cents day/day. January fell 22.4 cents to $5.305. Trading Monday extended a steep downward trend. Futures shed more than 75 cents over the…

November 1, 2021
Potential Mid-November Moderation Sees Natural Gas Futures Continue Slide Early

Potential Mid-November Moderation Sees Natural Gas Futures Continue Slide Early

As weather models continued to imply a potentially mild mid-November, natural gas futures lost ground in early trading Friday. Coming off a 41.6-cent sell-off in the previous session, the December Nymex contract was down another 15.5 cents to $5.627/MMBtu at around 8:45 a.m. ET. The latest model runs early Friday advertised little net change in…

October 29, 2021
Natural Gas Futures, Cash Prices Plummet on Fleeting Cold Snaps, Loosening Balances

Natural Gas Futures, Cash Prices Plummet on Fleeting Cold Snaps, Loosening Balances

Natural gas futures plunged Thursday despite an intensifying cold front on the horizon. Selling accelerated throughout the session on a trio of bearish drivers that sent December Nymex gas spiraling to a $5.736/MMBtu intraday low. The prompt month eventually settled at $5.782, off 41.6 cents from Wednesday’s close. January dropped 40.6 cents to $5.871. Spot…

October 28, 2021
EIA Reports Ho-Hum 87 Bcf Build in Natural Gas Storage; Futures Still Sharply Lower

EIA Reports Ho-Hum 87 Bcf Build in Natural Gas Storage; Futures Still Sharply Lower

The Energy Information Administration (EIA) delivered no surprises on Thursday, reporting an on-target 87 Bcf injection into storage inventories for the week ending Oct. 22. Natural gas futures were already sharply lower ahead of the EIA report on returning production and stronger wind generation. The November Nymex contract was down 30.0 cents to around $5.900/MMBtu…

October 28, 2021
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