eia storage

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…

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…

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…

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…

Natural gas futures managed a rebound from the prior day’s massive sell-off, even as the persistently warm December outlook trimmed gains from early in the session. After touching a $3.829/MMBtu intraday high, the January Nymex gas futures contract settled Tuesday at $3.708, up 5.1 cents on the day. February climbed 4.9 cents to $3.674. Spot…

With gasoline prices recently hovering near multi-year highs and crude production lagging demand in 2021, President Biden on Tuesday said his administration would tap the Strategic Petroleum Reserve (SPR) as part of a broader international move to boost supply and curb costs at the pump. The United States is coordinating the release along with similar…