natural gas storage

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…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 31 Bcf into natural gas storage for the week ending Nov. 13. The result exceeded the midpoint of analysts’ bearish estimates and punctuated market concerns about weak weather demand, keeping pressure on Nymex natural gas futures. “It was warmer than normal over the…

BREAKING: U.S. EIA reports injection of 31 Bcf into natural gas storage for the week ending Nov. 13 Liquefied natural gas volumes held strong Production continued to climb, pressuring spot prices December Natural gas futures edged up on Wednesday, led higher by steadily solid liquefied natural gas (LNG) volumes and weather forecasts that shifted cooler.…

December Natural gas futures edged up on Wednesday, led higher by steadily solid liquefied natural gas (LNG) volumes and weather forecasts that shifted cooler. The December Nymex contract rose 2.0 cents day/day and settled at $2.712/MMBtu. January, however, traded sideways most of the day and closed down six-tenths of a cent at $2.838. NGI’s Spot…

Lower 48 working natural gas in storage finished the traditional injection season — April 1–Oct. 31 — at 3,920 Bcf, near the record-high of 4,047 Bcf reached in 2016, the U.S. Energy Information Administration (EIA) said Monday. Storage has run high this fall in part because of diminished demand last spring amid lockdown orders put…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

Cold air boosted near-term demand, but outlook cloudy LNG feed gas volumes continued to improve Spot prices advances a fourth straight day Natural gas futures traded in a narrow range of gains and losses throughout most of Thursday’s session, as traders awaited more clarity on weather and storage levels. The December Nymex contract ultimately dipped…