natural gas storage

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…

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 lower late in the session and shed 5.5 cents day/day to settle at $2.976/MMBtu on Thursday. January fell 5.7 cents to $3.094.…

Natural gas futures gave up more ground Thursday — a fourth consecutive daily decline — as traders focused more on weather-induced demand weakness than the first storage withdrawal of the season, a bullish print that pointed to balances tightening ahead of winter. The December Nymex contract fell 10.4 cents day/day and settled at $2.942/MMBtu. The…

The U.S. Energy Information Administration (EIA) on Thursday reported a natural gas withdrawal of 36 Bcf from storage for the week ending Oct 30, exceeding the market’s expectations. It marked the first pull of the season and arrived two weeks early when compared to historical norms. The decrease reflected chilly weather during the covered week…

Bullish EIA storage reports erases December’s early gains Weather still seen mild after next week, so downside risk looms Cash slides on weak weekend demand Natural gas traders waking up with any neck pain on Friday may have a case of whiplash after Thursday’s wild ride in the futures market. The December Nymex contract, on…

Natural gas traders waking up with any neck pain on Friday may have a case of whiplash after Thursday’s wild ride in the futures market. The December Nymex contract, on the first day in the prompt-month position, plunged early to a $3.151 intraday low before screaming back higher to settle at $3.301, up a penny…