natural gas storage

North American natural gas futures got a small boost this week on news of weaker production from U.S. operators, but by mid-week the momentum had fizzled. The May New York Mercantile Exchange gas futures contract posted a second day of losses and lost 6.7 cents on Thursday to settle at $1.774/MMBtu. Mexican imports of U.S.…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 37 Bcf natural gas from storage for the week ended March 29. The result fell just shy of expectations and, with inventories still plump and injections on the horizon, left Nymex natural gas futures under pressure. Ahead of the 10:30 a.m. ET government…

As natural gas traders and analysts prepared to unpack the latest government inventory report for evidence of tightening balances amid fading springtime production, futures hovered close to even early Thursday. The May Nymex contract was trading at $1.837/MMBtu as of 8:41 a.m. ET, off 0.4 cents. Pre-report predictions early Thursday pointed to a notably larger-than-average…

After a three-day rally, Nymex May natural gas futures vacillated between gains and losses Wednesday. The contract reached a $1.906/MMBtu intraday high before settling at $1.841, down 2.1 cents day/day. At A Glance: May futures slip 2.1 cents Storage report potentially supportive  Cash prices up on near-term chill NGI’s Spot Gas National Avg. was up…

Natural gas futures rallied again on Tuesday, gaining ground amid near-term weather demand and despite expectations for a festering supply glut through the spring shoulder season. At A Glance: Prompt month adds 2.5 cents Gas production remains lower Heating demand spreads east Following a 7.4-cent rally on Monday and gains late last week, the May…

Continuing on a path of spring renewal, natural gas futures added to recent gains at the front of the curve early Wednesday, with ongoing signs of production weakness still lending fundamental support. The May Nymex contract was up 1.7 cents to $1.879/MMBtu as of 8:41 a.m. ET. The front month dropped as low as $1.778…

Natural gas futures forged ahead to kick off April trading, supported by drops in production readings and near-term weather data that showed a bump in heating demand. At A Glance: Output slides to 97 Bcf/d Forecasts for mixed demand NGI models draw of 41 Bcf Coming off a 4.5-cent gain ahead of Good Friday last…

Helped by dipping first-of-month production numbers, natural gas futures climbed early Monday, continuing to build on gains from late last week. After rallying 4.5 cents ahead of Good Friday, the May Nymex contract was up another 2.8 cents to $1.791/MMBtu as of around 8:50 a.m. ET. Near-term conditions were creating “market noise” for natural gas…

North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…