eia storage report

May natural gas futures stumbled into expiration Wednesday as production held strong, mostly benign weather prevailed in forecasts, and analysts looked for an injection that would sustain storage surpluses. At A Glance: Analysts see 70s Bcf storage injection Production holds strong into spring Demand mixed by region and light overall The May contract fell 19.0…

With some of the warmest weather of the past 40 years expected to continue for the next several days, natural gas futures struggled to find support and instead set their sights on the $2.00/MMBtu mark. After sliding to a $2.072 intraday low, the May Nymex natural gas futures contract settled Wednesday at $2.093, down 9.3…

Natural gas futures flipped lower Thursday, snapping a modest two-day winning streak after the latest government inventory data confirmed robust supplies heading into the shoulder season and forecasts pointed to benign weather through most of April. Cash prices slid in tandem. The May Nymex gas futures contract shed 14.4 cents day/day and settled at $2.011/MMBtu.…

Natural gas futures were trading just shy of even early Thursday as mild April forecasts and a healthy storage cushion exiting the winter heating season kept the pressure on prices. The May Nymex contract was off 1.6 cents to $2.139/MMBtu at around 8:40 a.m. ET. The $2.197 high for May natural gas in Wednesday’s session…

The April Nymex natural gas futures contract floundered on its final day as the front month – a third consecutive loss – as the intersection of robust production and waning demand again captured traders’ attention. At A Glance: Production offsets LNG demand Analysts see 50s Bcf withdrawal May takes over as prompt month April futures…

Ahead of a potentially surplus-shrinking weekly government inventory report, the first in weeks, natural gas futures pared their losses in early trading Thursday. Coming off a 17.7-cent sell-off in the previous session, the April Nymex contract was up 3.1 cents to $2.202/MMBtu at around 8:40 a.m. ET. The Energy Information Administration’s (EIA) latest weekly natural…

Natural gas futures slipped further into the red on Thursday despite the potential for cold weather to return to the Lower 48 within the next couple of weeks. With mixed messages in the latest storage data, and Freeport LNG not yet back online, the March Nymex gas futures contract settled at $2.456/MMBtu, down 1.2 cents…

Natural gas futures, which only last month traded around $6/MMBtu, have steadily lost ground in the new year amid seasonally mild weather and closed near the $3 level on Wednesday. It marked the lowest front-month settlement since 2021. At A Glance: Prompt month falls 19 cents Supplies strong relative to demand Analysts expect bearish storage…

Natural gas futures floundered back into freefall Wednesday – the case of a majority of trading sessions early in the new year – as production climbed, benign weather persisted and the market braced for an anemic storage withdrawal. At A Glance: Prompt month sheds 27.5 cents Production hits 102 Bcf/d Weather forecasts wobble After a…