Injections

Natural gas futures slumped Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was somewhat greater than what traders were expecting.

A federal judge last week ruled that an ordinance passed by a Southern West Virginia county banning the disposal of oil and natural gas wastewater in underground injection wells violates state laws and is preempted by the state’s regulatory primacy over the practice.

Natural gas futures bounded higher Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was far less than what traders were expecting.

Natural gas for Friday delivery traded in largely uninspired fashion Thursday as traders hunkered down and got deals done prior to the release of inventory data by the Energy Information Administration (EIA).

Natural gas futures rose and then fell Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was somewhat less than what traders were expecting.

Natural gas futures slumped Thursday morning after the Energy Information Administration (EIA) reported a storage injection for the week ending May 20 that was somewhat greater than what the market was expecting.

Temperatures are mild, and storage inventories continue to swell, but a surprise increase in the U.S. Energy Information Administration’s 2016 price forecast was enough to boost natural gas forward markets between May 6 and 12, according to NGI’s Forward Look.

Temperatures are mild, and storage inventories continue to swell, but a surprise increase in the U.S. Energy Information Administration’s 2016 price forecast was enough to boost natural gas forward markets between May 6 and 12, according to NGI’s Forward Look.

Natural gas futures bulls and bears were equally unimpressed Thursday morning following news that a slightly-less-than-expected 56 Bcf was deposited in underground storage for the week ending May 6.