natural gas storage

BREAKING: U.S. EIA reports a 91 Bcf withdrawal from natural gas storage inventories for the week ending Dec. 4, coming in above estimates Cash rises on strong power burns Natural gas futures bounced back midweek as the warmer forecast expected this month may be less intense than advertised. A tight supply/demand backdrop added support, lifting…

Warm forecast still intact, natural gas futures rebound Downside risk still looms if cash prices fall Nor’easter boosts East Coast spot gas After Thursday’s bloodbath, natural gas futures rebounded a bit on Friday even as weather models continued to add warmth to the December outlook. The January Nymex gas futures contract finished the week at…

With seemingly no end in sight for milder winter temperatures in the forecast, natural gas futures, coming off a 27.3-cent rout in the previous session, traded close to even early Friday. The January Nymex contract was off 0.7 cents to $2.500/MMBtu at around 8:50 a.m. ET. Updated forecast guidance appeared to offer little encouragement for…

As if Wednesday’s 10-cent decline wasn’t enough, another warmer shift in the latest weather models sent January natural gas futures into a freefall early Thursday. A huge bearish miss on the latest storage data hammered the final nail in the coffin, with the January Nymex contract settling the day 27.3 cents lower at $2.507. February…

The U.S. Energy Information Administration (EIA) reported a 1 Bcf withdrawal for the week ending Nov. 27, coming in more than 10 Bcf below consensus for the reporting period that included the Thanksgiving holiday. Natural gas futures already were sharply lower Thursday morning as the latest weather models dimmed hopes for mid-December cold. Ahead of…

BREAKING: U.S. EIA reported a 1 Bcf withdrawal for the week ending Nov. 27, coming in more than 10 Bcf below consensus Weak cash, warming weather outlook crush natural gas futures LNG demand still high, but so is production Cash prices start to retreat in previously strong East Coast markets Natural gas futures slipped a…

Natural gas futures were in freefall early Thursday as overnight guidance further weakened the amount of potential cold expected to arrive later this month. After dropping 10.0 cents in Wednesday’s trading, the January Nymex contract was down another 16.3 cents to $2.617/MMBtu at around 8:50 a.m. ET. Coming off of milder trends for the Dec.…

Production levels held strong and weather worries persisted But LNG volumes held steady to prop up demand Spot prices rebounded after three days of losses Despite strong production levels and festering weather worries, natural gas futures recovered some ground on Friday, as traders saw a buying opportunity after the prompt month shed 12 cents a…

Weak weather-driven demand and a higher-than-expected storage injection weighed down natural gas futures on Thursday. The December Nymex contract shed 12.0 cents day/day and settled at $2.592/MMBtu. January fell 11.8 cents to $2.720. NGI’s Spot Gas National Avg. declined 4.5 cents to $2.125. After weather models shifted cooler earlier in the week, they reverted back…