natural gas storage

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 26 Bcf natural gas into storage for the week ended Nov. 12. The result was essentially on par with market expectations, and futures took the result in stride, holding onto most of the gains made prior to the print. Ahead of the EIA…

Natural gas futures pared losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas (LNG) takeaway continued to lend support to prices. Coming off a 36.1-cent sell-off in the previous session, the December Nymex contract was up 17.7 cents to $4.993/MMBtu at around 8:50 a.m. ET. Analysts at…

Natural gas futures on Tuesday rallied with vigor amid continued strength in U.S. exports of liquefied natural gas (LNG) and renewed concerns about European supplies that sent global gas prices higher. At A Glance: Futures surge for a second straight day Russian supplies to Europe called into question Spot prices jump on storms in West…

Natural gas futures forged higher on Monday, marking a sharp reversal from the prior trading session, as domestic production tapered and European demand for U.S. exports held steady. At A Glance: The prompt month tacked on 22.6 cents Demand outlook remains dubious U.S. exports of LNG expected to hold strong Coming off a 35.8-cent sell-off…

Progress proved fleeting for natural gas futures, with prices slumping Friday amid weather demand uncertainty, elevated production and renewed Russian vows to ramp up supplies to Europe, a key destination for U.S. exports. The December Nymex contract declined 35.8 cents day/day and settled at $4.791/MMBtu. January fell 36.5 cents to $4.880 on Friday. Futures had…

U.S. natural gas producers, distributors and midstream companies that comprise Our Nation’s Energy Future, better known as ONE Future, said last Wednesday they again surpassed an ambition to slash overall methane intensity from their operations. Using uniform reporting protocols approved by the U.S. Environmental Protection Agency, the 50-plus member coalition in 2020 registered an overall…

Weekly natural gas cash prices slumped amid unseasonably mild temperatures and light heating demand throughout the eastern United States. NGI’s Weekly Spot Gas National Avg. for the Nov. 8-12 period dropped 59.5 cents to $4.690. Conditions were comfortable throughout the Lower 48 early in the week and, while colder air blew into the Upper Midwest…

Progress proved fleeting for natural gas futures, with prices slumping Friday amid weather demand uncertainty, elevated production and renewed Russian vows to ramp up supplies to Europe, a key destination for U.S. exports. At A Glance: Futures fail to sustain momentum Demand outlook remains dubious Spot prices get a late-week boost The December Nymex contract…

U.S. natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry…