Eia

Natural gas futures at first retreated, then rebounded slightly Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was greater than what traders were anticipating.

U.S. production for both oil and natural gas wells is forecast to increase from September to October in only one of the seven key onshore regions — the Permian Basin — the U.S. Energy Information Administration (EIA) said Monday.

Driven by competitive economics relative to coal and by warmer-than-normal temperatures, the amount of electricity generated using natural gas reached a record high during July, surpassing a record set in July 2015, according to the Energy Information Administration (EIA).

Record-high natural gas power burn was the driving factor behind last week’s unusual 6 Bcf summer storage withdrawal, according to the Energy Information Administration (EIA).

Stripper wells accounted for 10% of total U.S. oil output last year, a dwindling amount of output but still a significant number, the Energy Information Administration said Wednesday.

Natural gas traders Thursday elected to get their deals done before the Energy Information Administration’s (EIA) inventory report, and prices for Friday delivery eased.

Henry Hub natural gas prices will average $2.25/MMBtu this year, the Energy Information Administration (EIA) forecast Tuesday, up 7 cents from the agency’s previous prognostication. It was the first time in nearly a year that EIA’s outlook moved up.

World energy consumption will increase by 48% over the next three decades, with natural gas remaining a dominant source of that energy, but renewables will be the fastest-growing, the Energy Information Administration (EIA) said Wednesday.

Henry Hub natural gas prices will average $2.25/MMBtu this year, the Energy Information Administration (EIA) forecast Tuesday, up 7 cents from the agency’s previous prognostication. It was the first time in nearly a year that EIA’s outlook moved up.