eia storage

Coming off a furious rally in the previous session, natural gas futures pared their gains early Thursday as traders awaited the latest round of government inventory data for more insights into how sweltering temperatures have impacted balances.  After rocketing 74.3 cents higher in Wednesday’s session, the August Nymex contract was off 21.4 cents to $7.793/MMBtu…

The U.S. Energy Information Administration (EIA) said it would report two weeks’ worth of petroleum supply/demand data on Wednesday following a burst in power that damaged the agency’s hardware and forced the postponement of several reports. EIA said early Tuesday that it would publish its Weekly Petroleum Status Report (WSPR) at its regularly scheduled time…

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…

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)…

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…

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,…

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…

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…

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…