natural gas storage

Natural gas prices hovered in a narrow range of gains and losses early Wednesday as traders mulled strong demand for U.S. liquefied natural gas (LNG) exports against weakened weather outlooks. But futures held firmly into the green in the afternoon as analysts rolled out forecasts for a substantial withdrawal with Thursday’s government storage report. The…

Natural gas futures closed the book on 2020 with a bang after weather models flipped colder for the next couple of weeks and production dipped back below 90 Bcf/d. The February Nymex futures contract settled Thursday at $2.539, up 11.7 cents day/day. March climbed 10.4 cents to $2.526. Spot gas, which traded Thursday for delivery…

For the second week in a row, the Energy Information Administration (EIA)’s weekly natural gas storage inventory report surprised to the downside, showing a much smaller-than-expected 114 Bcf withdrawal from stocks for the week ending Dec. 25. However, natural gas market bears who were hoping to pop champagne after the EIA report were disappointed, as…

The city of Grand Junction, CO, has chosen to increase its storage capacity of bio compressed natural gas (CNG), which is produced at the city’s Persigo Water Treatment Plant.  This project follows a program enacted five years ago to capture methane produced during wastewater treatment.  The CNG is used to fuel city vehicles.  Currently, over…

Natural gas traders on Thursday couldn’t be convinced to go long despite the extended Christmas holiday weekend, especially with the weather data turning milder with every run of the latest models. The January Nymex gas futures contract settled Christmas Eve at $2.518, down 9.0 cents. February slipped 7.6 cents to $2.512. Spot gas prices, which…

The U.S. Energy Information Administration (EIA) reported a steep withdrawal of 152 Bcf natural gas storage for the week ended Dec. 18. The result was bullish compared to a year earlier though it fell short of market expectations and pushed Nymex natural gas futures lower. The latest pull was shy of median estimates around 159-160…

Natural gas futures advanced Tuesday on forecasts for colder weather and a bullish withdrawal from storage. Improved liquefied natural gas (LNG) levels added a dose of optimism. The January Nymex contract climbed 7.5 cents day/day and settled at $2.780/MMBtu. February rose 6.0 cents to $2.749. NGI’s Spot Gas National Avg. rose 5.5 cents to $2.870.  …

Despite favorable weather news, natural gas futures traded sideways Monday as worries mounted over a still-surging coronavirus pandemic and its potential impacts on economies and energy demand. The January Nymex contract settled at $2.705/MMBtu, up a half-cent day/day. February ticked up eight-tenths of a cent to $2.689. NGI’s Spot Gas National Avg., meanwhile, declined 19.5…

Outlooks called for freezing temperatures around the Christmas holiday Demand for liquefied natural gas exports held strong Spot prices plummeted in the Northeast after a major storm passed Natural gas futures advanced Friday following forecasts for freezing temperatures, steadily strong liquefied natural gas (LNG) levels and a bullish withdrawal from storage. The January Nymex contract…