eia storage

Natural Gas Prices Soar to Fresh Highs After EIA Storage Data Confirms Tight Balances

Natural Gas Prices Soar to Fresh Highs After EIA Storage Data Confirms Tight Balances

Natural gas futures finished off the short holiday week with another huge leap higher after the latest inventory data confirmed a sluggish start to the injection season. The May Nymex gas futures contract settled Thursday at $7.300, up 30.3 cents on the day. June futures raced 32.7 cents higher to $7.423. Momentum continued in the…

April 14, 2022
Natural Gas Futures Continue to March Higher as Market Awaits EIA Storage

Natural Gas Futures Continue to March Higher as Market Awaits EIA Storage

Natural gas futures probed above the $7.00 mark early Thursday as traders prepared to turn their attention to the latest round of government inventory data, expected to show a lighter-than-normal spring injection. The May Nymex contract was up 7.3 cents to $7.070/MMBtu at around 8:55 a.m. ET. Predictions for this week’s Energy Information Administration (EIA)…

April 14, 2022
Market Mulls Early Start to Injection Season as Natural Gas Futures Slide

Market Mulls Early Start to Injection Season as Natural Gas Futures Slide

Natural gas futures retreated in early trading Friday as analysts mulled the balance implications of an early start to injections in the latest government inventory data. The May Nymex contract was down 11.3 cents to $5.529/MMBtu at around 8:50 a.m. ET. Day/day forecast changes were “quite negligible” heading into Friday’s trading, with the American and…

April 1, 2022
Natural Gas Futures Ease Lower Early as Market Braces for Early Injection from EIA

Natural Gas Futures Ease Lower Early as Market Braces for Early Injection from EIA

With the market preparing to turn its attention to the latest government storage data, expected to show an unseasonably early March injection, natural gas futures pulled back in early trading Thursday. The May Nymex contract was down 3.4 cents to $5.571/MMBtu at around 8:50 a.m. ET. For the latest Energy Information Administration (EIA) storage report,…

March 31, 2022
Bulls in Control in Natural Gas Futures Market as Biden, EU Unveil Energy Partnership

Bulls in Control in Natural Gas Futures Market as Biden, EU Unveil Energy Partnership

Against a geopolitical backdrop of an overseas supply crunch, and with estimates showing domestic production continuing to underperform, natural gas futures extended their recent rally in early trading Friday. Adding to a 16.9-cent rally in the previous session, the April Nymex contract was up 12.5 cents to $5.526/MMBtu at around 8:50 a.m. ET. The Biden…

March 25, 2022
Natural Gas Futures Hover Near Even Ahead of EIA Report; Euro Model Colder Overnight

Natural Gas Futures Hover Near Even Ahead of EIA Report; Euro Model Colder Overnight

As the market weighed the potential demand impacts of a colder overnight shift from one of the major weather models, natural gas futures were trading close to even ahead of the latest round of government inventory data early Thursday. The April Nymex contract was up 0.3 cents to $5.235/MMBtu at around 8:45 a.m. ET. For…

March 24, 2022
U.S. Natural Gas Futures Slide Ahead of Latest EIA Storage; Mid-March Forecasts ‘Frostier’

U.S. Natural Gas Futures Slide Ahead of Latest EIA Storage; Mid-March Forecasts ‘Frostier’

Natural gas futures were down early Thursday as the market prepared to consider updated domestic inventory data against a backdrop of ongoing global energy supply fears. After going as high as $4.936 in after hours trading, the April Nymex contract was off 3.8 cents to $4.724/MMBtu at around 8:45 a.m. ET. Surveys for the latest…

March 3, 2022
Natural Gas Futures Near Even Early as Traders Mull EIA Data, February Expiry

Natural Gas Futures Near Even Early as Traders Mull EIA Data, February Expiry

Natural gas futures sat near even early Thursday as traders braced for potential market-moving impacts from the latest government inventory data and from the looming prompt-month expiration. Heading into its final day of trading, the February Nymex contract was up 2.3 cents to $4.300/MMBtu at around 8:45 a.m. ET. March was up 1.0 cent to…

January 27, 2022
Surging Coronavirus Cases Expected to Slow Global Oil Demand

Surging Coronavirus Cases Expected to Slow Global Oil Demand

Rising coronavirus cases driven by the new Omicron variant are expected to curb but not derail a global recovery in oil demand, the International Energy Agency (IEA) said Tuesday in its latest Oil Market Report for December.   IEA noted that cases are climbing across many regions of the world in the wake of Omicron outbreaks…

December 14, 2021
Jet Fuel Supplies Fall to Lowest Level Since 2014 Before Bouncing Back, EIA Says

Jet Fuel Supplies Fall to Lowest Level Since 2014 Before Bouncing Back, EIA Says

U.S. inventories of jet fuel reached a seven-year low last month as mounting demand intersected with lower production, federal researchers said in a report Monday. Jet fuel supplies had increased over the summer months as refineries ramped up output to meet rebounding demand for gasoline and distillate fuels. Refiners processed more crude to meet that…

December 14, 2021
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