Eia

Abundant natural gas supply and low price volatility have meant that for the second year in a row, no gas storage facilities were added in the United States, according to the U.S. Energy Information Administration (EIA).

Natural gas, which surpassed coal’s share of domestic power generation for the first time ever last spring, is likely to make 2016 the first year that gas-fired generation exceeds coal generation in the United States on an annual basis, according to the Energy Information Administration (EIA).

Energy Information Administration (EIA) price forecasts for the next two years turned downward Tuesday when the agency said a warmer-than-normal winter, record inventory levels and production growth all weighed on prices. Forecasts had been firming recently.

Natural gas futures plunged Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was much less than the market had expected.

Natural gas futures advanced Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was greater than what traders were expecting. Following a lower open, futures, however, were unable to move past Wednesday’s settlement.

Because natural gas withdrawals from storage have picked up with January’s colder temperatures and U.S. production tailed off a bit in November, the Energy Information Administration (EIA) said Tuesday it has decided to leave its price forecasts for the next two years almost unchanged: $2.64/MMBtu this year and $3.22/MMBtu next year.

There may be light at the end of the tunnel for slumping natural gas prices, according to the Energy Information Administration (EIA), which said Monday it expects the benchmark Henry Hub to average $2.65/MMBtu in 2016 and $3.22/MMBtu in 2017.

Natural gas futures fell Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal for the week ending Jan. 8 that was less than the market had expected.

Very little black ink was going around natural gas trading desks Thursday, as both next day gas and futures took it on the chin, with soft power pricing and weather forecasts in major eastern markets expecting temperatures to surge well above normal on Friday.