natural gas storage

Natural gas futures drifting lower to close out work week as March set to deliver more blowtorch temps April Nymex futures off 1.4 cents to $1.846/MMBtu as of 2:10 p.m. ET First 15 days of March on track to be fourth warmest for the period on record, according to Maxar meteorologist Brad Harvey “Daily record…

Regional natural gas forward curves offered hints of a market climbing out of the doldrums for the upcoming injection season, even as many hubs held flattish week/week for April delivery, NGI’s Forward Look data show. Fixed prices at Henry Hub for April delivery added 2.2 cents for the Feb. 22-28 trading period to reach $1.897/MMBtu,…

Natural gas futures treaded lightly throughout Thursday’s session as traders weighed a seasonally weak storage result against continued signs of a pullback among producers. Following a three-day rally, the April Nymex gas futures contract ultimately settled at $1.860/MMBtu on Thursday, down 2.5 cents day/day. NGI’s Spot Gas National Avg. fell 9.0 cents to $1.480. Wood…

With a sizable inventory surplus continuing to hang over the market, natural gas futures were trading slightly lower early Friday. The April Nymex contract was off 0.9 cents to $1.851/MMBtu as of 8:48 a.m. ET. May was down 2.2 cents to $1.986. The U.S. Energy Information Administration (EIA) on Thursday reported a 96 Bcf withdrawal…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 96 Bcf natural gas from storage for the week ended Feb. 23. The result exceeded market expectations for a pull in the high 80s Bcf and briefly boosted Nymex natural gas futures. Ahead of the 10:30 a.m. ET government print, the April futures…

Natural gas futures eased lower early Thursday as traders prepared to digest another surplus-padding result from the latest government inventory data, and as the weather outlook continued to offer little encouragement for bulls. The April Nymex contract was off 2.3 cents to $1.862/MMBtu as of 8:48 a.m. ET. May was down 2.1 cents to $2.031.…

Natural gas futures were mixed on Tuesday, with the March contract off slightly amid light volume. But the April contract was boosted by bargain buying and a continued slide in production that could, if sustained, address supply/demand imbalance and bolster prices in the medium term. At A Glance: Output slips below 102 Bcf/d Solid but…

Natural gas futures rebounded on Monday, bolstered by lower production readings and trader positioning ahead of the front-month contract’s expiration. At A Glance: NGI models 84 Bcf draw Production at 103 Bcf/d Weather demand evades Coming off back-to-back losses to close out the prior week, the March Nymex gas futures contract settled at $1.659/MMBtu, up…

Continued signs of easing production volumes in updated estimates Tuesday helped lift April natural gas futures in early trading. The April Nymex contract, set to take over as the new prompt month after the close, was up 5.0 cents to $1.794/MMBtu at around 8:45 a.m. ET.  The expiring March contract, meanwhile, was off fractionally on…