natural gas storage

Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. At…

The Energy Information Administration (EIA) reported a 40 Bcf injection into natural gas storage inventories for the week ending April 22, on par with estimates ahead of the report. Futures prices, sharply lower early in Thursday’s session, popped a bit as the report crossed trading desks. The June Nymex contract, on its first day at…

Natural gas futures pared their recent gains in early trading Thursday as the market prepared to digest updated government inventory data, expected to show a lighter-than-average spring injection. Coming off a 36.1-cent rally in the previous session, the June Nymex contract was down 18.6 cents to $7.153/MMBtu at around 8:50 a.m. ET. The latest Energy…

Natural gas futures traders hit the pedal Tuesday, accelerating price gains after the latest production data showed another sharp decline in output. Contract expirations also played into intraday volatility along the Nymex curve, ultimately pushing the May contract up 18.1 cents to $6.850/MMBtu. June futures climbed 17.3 cents to $6.978. Spot gas prices also strengthened…

Natural gas futures volatility continued ahead of contract expirations this week, with the May Nymex contract up early as freeze-offs in the Rockies over the weekend dented production. The prompt month traded in a nearly 50.0-cent range before settling Monday at $6.669/MMBtu, up 13.5 cents from Friday’s close. June futures rose 14.2 cents to $6.805.…

After a brief pause on Thursday, natural gas futures resumed their steep slide to close out the week amid a generally weak near-term outlook. The May Nymex gas futures contract settled Friday at $6.534/MMBtu, off a noteworthy 42.3 cents day/day. June futures fell 43.3 cents to $6.663. At A Glance: Bears regain control Chilly temps…

The spring doldrums the U.S. natural gas market is accustomed to this time of year will have to wait at least another week to materialize in the cash market. Though price gains paled in comparison to recent weeks, NGI’s Weekly Spot Gas National Avg. climbed 31.0 cents during the April 18-22 trading week to $6.785/MMBtu.…

After a brief pause on Thursday, natural gas futures resumed their steep slide to close out the week amid a generally weak near-term outlook. The May Nymex gas futures contract settled Friday at $6.534/MMBtu, off a noteworthy 42.3 cents day/day. June futures fell 43.3 cents to $6.663. At A Glance: Weather demand to be light…

Natural gas futures were poised to extend their decline for a third straight day after the latest government inventory report showed a bigger-than-expected increase in storage levels for mid-April. A pop late in Thursday’s session, however, lifted the May Nymex gas futures contract to $6.957/MMBtu, up 2.0 cents day/day. June futures tacked on 3.0 cents…