natural gas storage

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…

Natural gas futures on Wednesday finished in the red for the first time in four sessions as traders braced for several robust storage injections amid mild weather and soft export demand. The June Nymex gas futures contract settled at $2.365/MMBtu, down 1.1 cents day/day. July slid 2.5 cents to $2.509. At A Glance: Front month…

Supported by expectations for slowing production, prompt-month natural gas futures gained just enough ground to notch a third consecutive advance on Tuesday. The June Nymex gas futures contract settled at $2.376/MMBtu, up one-tenth of a cent day/day. July ticked down eight-tenths of a cent to $2.534. NGI’s Spot Gas National Avg. advanced 12.0 cents to…

Natural gas futures were trading modestly higher early Wednesday, bolstered by supportive fundamental factors; however, upside was seen as limited amid sizable storage builds expected in the weeks ahead. The June Nymex contract was up 1.1 cents to $2.387/MMBtu at around 8:45 a.m. ET. Tuesday’s $2.470 intraday high may turn out to be a “short-term…

Natural gas futures traders shrugged off continued mild weather forecasts and elevated supply data, seizing instead on a sharp drop in the weekly rig count to push prices higher for a second day. Following a 7.6-cent gain to close out last week’s trading, the June Nymex gas futures contract on Monday advanced 10.9 cents day/day…

Natural gas futures continued to build upward momentum early Tuesday as traders looked past upcoming hefty injections to the prospect of production declines and summer cooling demand that could ease oversupplied conditions. The June Nymex contract was up 4.7 cents to $2.422/MMBtu shortly after 8:40 a.m. ET. The front month rallied 10.9 cents on Monday,…

A natural gas storage project with capacity of up to 5 Bcf is under development in the northern Mexican state of Tamaulipas, José Ramón Silva Arizabalo, the state energy commissioner, told NGI Mexico’s GPI.  “This project will be developed in a depleted oil and gas field known as the Brasil field,” Silva told NGI Mexico’s…

Spire Energy Inc.’s storage arm has added to its fleet with the $37 million purchase of Salt Plains Storage LLC in Oklahoma, part of a broader strategy to expand the midstream position. The 10 Bcf Spire Storage Salt Plains facility in Manchester is near Oklahoma’s border with Kansas in Grant County. It connects to Southern…

With the market still left waiting for convincing signs of early summer heat, natural gas futures eased lower in early trading Friday. The June Nymex contract was down 2.2 cents to $2.168/MMBtu at around 8:50 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 78 Bcf injection into U.S. natural gas storage facilities…