natural gas storage

The U.S. Energy Information Administration (EIA) reported a withdrawal of 80 Bcf natural gas into storage for the week ended Nov. 18. The result came in slightly lighter than market expectations. Still, it was much steeper than the five-year average and supported already lofty Nymex natural gas futures. “We are clearly well into the heating…

Natural gas futures found fresh footing on Monday, as traders mulled an updated relaunch timeline for a major export facility, railroad union members considered a strike, and forecasts pointed to another round of wintry weather in early December. After shedding 6.6 cents on Friday, the December Nymex gas futures contract surged 47.3 cents day/day and…

Natural gas futures faltered Friday, ending a four-day win streak built on impressive cold blasts. Traders took profits after the run-up and shifted their attention to the delayed relaunch of a critical export terminal and the potential for milder weather late in November. At A Glance: Key export plant targets December return Market looks for…

Natural gas futures prices flew higher once again on Thursday, rallying a fourth consecutive day on cold weather and mounting demand that pointed to steep storage withdrawals following what analysts expect was the last reported injection of the year. The December Nymex natural gas futures contract settled at $6.369/MMBtu, up 16.9 cents day/day. January climbed…

Milder overnight forecast trends for late November saw natural gas futures reverse lower in early trading Friday. Coming off a 16.9-cent rally in the previous session, the December Nymex contract was down 19.7 cents to $6.172/MMBtu at around 8:45 a.m. ET. Both the American and European weather models dropped forecast demand overnight by showing less…

Natural gas futures prices flew higher once again on Thursday, rallying a fourth consecutive day on cold weather and mounting demand that pointed to steep storage withdrawals following what analysts expect was the last reported injection of the year. The December Nymex natural gas futures contract settled at $6.369/MMBtu, up 16.9 cents day/day. January climbed…

Natural gas futures edged higher again on Wednesday, extending a rally to three days, as traders ultimately paid more attention to robust heating demand than the protracted shutdown of a key export facility and the likelihood of a relatively robust storage injection. The December Nymex gas futures contract settled at $6.200/MMBtu, up 16.6 cents day/day.…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 64 Bcf natural gas into storage for the week ended Nov. 11. The result was roughly in line with expectations and, with a shift to withdrawals expected soon, Nymex natural gas futures held in positive territory in morning trading. Ahead of the EIA…

Following colder overnight trends in one of the major weather models, natural gas futures extended their recent gains early Thursday as traders awaited the release of updated government inventory data. The December Nymex contract was up 11.4 cents to $6.314/MMBtu at around 8:40 a.m. ET. Futures got off to a slow start in Wednesday’s session…