natural gas storage

Natural gas futures faltered Thursday following a bearish storage report and a key weather model pointing to lighter heating demand than previously expected, ending a rally. On its first day as the prompt month, the March Nymex gas futures contract shed 3.8 cents day/day and settled at $2.664. It ended a three-day run of solid…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 128 Bcf natural gas from storage for the week ended Jan. 22. The print was notably lighter than a week earlier and came in well below the midpoint of analysts’ estimates. Nymex natural gas futures, already down ahead of the 10:30 a.m. ET…

BREAKING: EIA reports 128 Bcf net withdrawal from storage  Futures extended to three days a winning streak Mid-range outlooks pointed to more freezing conditions Spot prices advances for a fourth-straight day Natural gas futures on Wednesday extended to three days a winning streak built on intensifying winter weather and renewed momentum in U.S. liquefied natural…

Natural gas futures retreated early Thursday as one of the major weather models trended warmer, while upcoming government inventory data was expected to take a backseat to forecasts in terms of influencing future price action. The March Nymex contract was down 4.4 cents to $2.658/MMBtu at around 8:45 a.m. ET. Selling corresponded to changes in…

Weather outlooks increased the likelihood of robust heating demand LNG export levels gathered new momentum Cash prices climbed for a third straight day Natural gas futures extended gains on Tuesday, as traders absorbed news of weather forecasts shifting even colder after a similar change in models over the weekend. The weather outlooks increased the likelihood…

Overnight weather models extended a recent cold shift in the forecasts, giving natural gas futures continued upward momentum in early trading Wednesday. The expiring February Nymex contract was up 6.2 cents to $2.718/MMBtu at around 8:40 a.m. ET, while the March contract was trading 6.0 cents higher to $2.696. Another round of colder-trending weather data…

Futures rebounded on increases in expected heating demand  LNG export volumes recovered after declines the prior week Cash prices climbed amid a fresh round of winter storms After a bruising run a week earlier, natural gas futures rebounded Monday on substantial increases in expected heating demand over the weekend and a fresh bout of winter…

Futures faltered for a fourth-consecutive day Weather outlooks shifted increasingly bearish LNG feed gas volumes were subdued Natural gas futures faltered for a fourth-consecutive day to end the week, with weakened weather demand expectations and lower U.S. export levels overshadowing a government inventory report that showed the steepest withdrawal of the season. The February Nymex…

A colder shift in forecasts over the weekend, including increasing potential for a chillier pattern into the middle of next month, saw natural gas futures rebound in early trading Monday. The February Nymex contract was up 8.7 cents to $2.533/MMBtu at around 8:40 a.m. ET. Analysts at EBW Analytics Group attributed the early morning price…