Inventories

Natural gas futures climbed higher Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was somewhat less than what the market was expecting.

Natural gas futures rose Thursday morning after the Energy Information Administration (EIA) reported an injection that was somewhat less than what the market was expecting.

The relentless build in natural gas storage continued Thursday with the release of government figures showing a thinner build than traders were expecting. Natural gas futures rose but quickly subsided following the release.

Next-day gas prices rose in Thursday’s trading, but most of the exchanges took place before the typically market-moving Energy Information Administration (EIA) weekly inventory report.

Natural gas futures rose following the release of government inventory figures showing an increase in working gas storage that was slightly less than what traders were expecting.

The months-long decline in projected natural gas prices shows no sign of ending, with the Energy Information Administration (EIA) saying Tuesday it expects gas to average $2.81/MMBtu this year and $3.05/MMBtu next year.

Natural gas futures moved little following the release of government inventory figures showing an increase in working gas storage right at what the market was expecting.

Natural gas futures proved resilient following the release of government inventory figures showing an increase in working gas storage greater than what the market was expecting by about 10 Bcf.

Almost two years removed from a severe shortage of propane, the United States is currently sitting on a record inventory, according to the U.S. Energy Information Administration (EIA), which said nearly all of the stockpiled increase for the past year came from six Gulf Coast states.