natural gas storage

Supported by bargain buying and technical factors, natural gas futures crept into positive territory Friday and held there for the first time in an otherwise bruising week. The July Nymex gas futures contract gained 1.4 cents day/day and settled at $2.172/MMBtu. August rose 2.6 cents to $2.299. At A Glance: Near-term demand remains weak Probable…

Natural gas futures faltered on Thursday, driven lower by a robust inventory injection that reflected strong production and anemic demand. The July Nymex gas futures contract, which has lost ground each day this week, dropped 10.8 cents day/day and settled at $2.158/MMBtu.. August lost 8.5 cents to $2.273. NGI’s Spot Gas National Avg. shed 39.5…

After selling off throughout the week, natural gas futures attempted to pare their losses in early trading Friday as the wait for more impressive summer heat to arrive continued. The July Nymex contract was up 2.6 cents to $2.184/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 110 Bcf…

June bidweek natural gas prices were mostly higher, supported by expectations that heat would soon become widespread, export demand could rise, and production may finally experience a sustained pullback. That said, price increases were moderate at best at the majority of U.S. locations, and weakness was seen throughout the West Coast. NGI’s June Bidweek National…

North American natural gas futures were battered this week as markets continued to be flush with supply amid light demand. The July New York Mercantile Exchange gas futures contract dropped 10.8 cents day/day on Thursday and settled at $2.158/MMBtu. August lost 8.5 cents to $2.273. U.S. production topped 101 Bcf/d on Wednesday. Throughout May, it…

The U.S. Energy Information Administration (EIA) reported an injection of 110 Bcf natural gas into storage for the week ended May 26. The result came in above median estimates and drove Nymex natural gas futures deeper into the red. Natural gas futures on Wednesday declined again under the weight of two usual suspects – steady…

The U.S. Energy Information Administration (EIA) reported an injection of 110 Bcf natural gas into storage for the week ended May 26. The result came in above median estimates and drove Nymex natural gas futures deeper into the red. The inventory increase, driven by steady production volumes above 100 Bcf/d and modest demand on both…

Kinder Morgan Inc. (KMI) is planning to expand the working natural gas storage capacity at the Markham Storage facility on the Texas coast, signaling momentum for building assets amid long-term demand growth. The midstreamer reached an agreement with Underground Services Markham LLC, a subsidiary of Texas Brine Co. LLC, to lease an additional salt dome…

As traders awaited the details on another hefty shoulder season storage injection, and with convincing signs of summer cooling demand yet to show up in forecasts, natural gas futures extended their losses early Thursday. After giving up 6.1 cents in the previous session, the July Nymex contract was down another 5.2 cents to $2.214/MMBtu at…