natural gas storage

An overall bullish week for natural gas markets saw regional forwards rally sharply from coast to coast during the Aug. 3-9 trading period, while a mix of strong demand and supply constraints helped drive outsized gains for the western Lower 48, NGI’s Forward Look data show. National benchmark Henry Hub set the pace for sizable…

The Energy Information Administration (EIA) said natural gas storage inventories rose by 29 Bcf for the week ending Aug. 4. The larger-than-expected injection sent futures prices, already more than 5.0 cents lower day/day, tumbling further. At A Glance: BREAKING: EIA reports 29 Bcf storage injection Weather models continue to cool Spot gas rises amid pipe…

The Energy Information Administration (EIA) said natural gas storage inventories rose by 29 Bcf for the week ending Aug. 4. The larger-than-expected injection sent futures prices, already more than 5.0 cents lower day/day, tumbling further.  The September Nymex futures contract was trading around $2.885/MMBtu in the minutes leading up to the EIA’s weekly inventory report…

Click here to listen to the latest episode of NGI’s Hub & Flow as Price & Markets Editor Leticia Gonzales is joined by Price Analysts Josiah Clinedinst and Josten Mavez to discuss what’s driving natural gas prices in North America and beyond. In this market chat, the NGI team dives into record power burns and…

Natural gas futures pulled back in early trading Thursday as the market continued to assess the implications of overseas price gains and a shrinking domestic storage surplus.  After rallying 18.2 cents in Wednesday’s trade, the September Nymex contract was off 5.4 cents to $2.905/MMBtu at around 8:55 a.m. ET.  Domestic natural gas futures soared higher…

Natural gas futures rocketed to a six-week high midweek amid ongoing heat in Texas, technical support and continued soft production in the wake of pipeline maintenance events. The September Nymex gas futures contract settled Wednesday at $2.959/MMBtu, up 18.2 cents on the day. October climbed 18.9 cents to $3.053. At A Glance: Technical momentum seen…

First, a brutal winter and exceptional heating needs – at least by California standards – depleted natural gas supplies. Now, a sizzling hot summer galvanized another round of robust demand, pushing regulators in the nation’s most populous state to consider a substantial increase in storage capacity to keep pace with consumption and tame prices. While…

Enbridge Inc.’s utility subsidiary has launched an open season for up to 1 Bcf of peak natural gas storage capacity at its Dawn Hub in southwestern Ontario. Enbridge is seeking a three-year commitment from shippers for the storage services, which could begin in April 2024. The expansion would give “shippers unparalleled flexibility to meet their…

Natural gas futures continued to rise on Tuesday, fueled by a steep – though likely temporary – decline in production. Continued heat in key demand regions also lent support to prices, with the September Nymex gas futures contract settling 5.2 cents higher day/day at $2.777/MMBtu. Spot gas prices also tacked on additional gains, though pipeline…