natural gas storage

With forecasts stubbornly withholding impressive summer heat, natural gas futures failed to build on last week’s momentum in early trading Monday. The June Nymex contract was down 7.9 cents to $2.506/MMBtu at around 8:45 a.m. ET. Futures rallied last week on signs of weakening supply, with bullish sentiment helped along by a tighter-than-expected Energy Information…

Weekly natural gas cash prices snapped a May losing streak, bolstered by expectations that production will scale back in the coming weeks and months. NGI’s Weekly Spot Gas National Avg. for the May 15-19 period rose 33.5 cents to $2.050/MMBtu. The average had declined each of the two previous weeks amid pleasant weather. Weather conditions…

Natural gas futures advanced most of Friday, spurred higher by supply interruptions and the potential for a sustained production pullback. But the prompt month gave up gains late and finished flat as traders paused to digest the latest rig count data.    At A Glance: Storage miss motivates bulls Production remains wildcard Weather demand on hiatus…

Natural gas futures surged ahead Thursday after a government inventory report fell far short of expectations. It marked the fourth advance in five sessions for the prompt month, with markets also focused this week on expectations for declining production. The June Nymex gas futures contract jumped 22.7 cents day/day to close at $2.592/MMBtu. July gained…

Natural gas futures were trading just shy of even early Friday as market participants continued to assess the implications of a bullish surprise from the latest government inventory data. The June Nymex contract was off 0.9 cents to $2.583/MMBtu at around 8:30 a.m. ET. The front month rallied 22.7 cents on Thursday, sparked by a…

North American natural gas prices saw gains in four of the last five sessions amid signs of a tightening market. On Thursday, the June North American Mercantile Exchange gas futures contract leapt 22.7 cents day/day to close at $2.592/MMBtu. July gained 20.6 cents to $2.715. Last week, the Baker Hughes Co. rig count revealed a…

The U.S. Energy Information Administration (EIA) reported an injection of 99 Bcf natural gas into storage for the week ended May 12. The result came in well below median estimates and bolstered Nymex natural gas futures. At A Glance: BREAKING: U.S. EIA prints 99 Bcf injection Front month sheds a penny Wednesday Wildfire situation ‘dynamic’…

The U.S. Energy Information Administration (EIA) reported an injection of 99 Bcf natural gas into storage for the week ended May 12. The result came in well below median estimates and bolstered Nymex natural gas futures. The June Nymex futures contract was up 1.7 cents at $2.382/MMBtu prior to the 10:30 a.m. ET inventory report.…

Natural gas futures probed higher ahead of the latest round of government inventory data early Thursday, with traders seemingly looking past plump shoulder season injections to the prospect of tightening balances once summer heat arrives. The June Nymex contract was up 5.2 cents to $2.417/MMBtu at around 8:45 a.m. ET. Surveys suggest a triple-digit injection…