natural gas storage

Natural gas futures retreated on Friday, with the small loss driven by the continuation of an oversupplied market in the throes of shoulder season. The May Nymex gas futures contract closed out the week at $2.233/MMBtu, off 1.6 cents from Thursday’s close. June futures slid 1.9 cents to $2.408. At A Glance: Sustained output cuts…

Drawing support from spring chills and a strengthening weather-driven demand outlook, regional natural gas forwards generally gained ground during the April 13-19 trading period, though a few western hubs moderated sharply week/week. May fixed prices at Henry Hub climbed 12.9 cents to end the period at $2.225/MMBtu, mirroring gains in Nymex futures and setting the…

Natural gas futures edged up on Thursday as weather models aligned better in showing cooler weather returning every few days or so through early May across the Lower 48. With EIA data indicating that balances remain too loose, however, the May Nymex gas futures contract only managed a 2.7-cent gain to $2.249/MMBtu. Spot gas traded…

With the market contemplating signs of continued looseness offered up in the latest government inventory data, natural gas futures eased lower in early trading Friday. The May Nymex contract was off 0.8 cents to $2.241/MMBtu at around 8:40 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 75 Bcf injection into U.S. natural…

North American natural gas prices rallied slightly on colder April weather this week but still stayed close to $2.000/MMBtu. On Thursday, the May New York Mercantile Exchange gas futures contract managed a 2.7-cent gain and closed at $2.249. “While a cooler than normal U.S. pattern is expected for late April into the start of May,…

Germany’s group of storage operators is warning that natural gas supplies could be significantly drained or emptied next winter if the country doesn’t experience another mild heating season. Despite ending winter with above average storage, moderate winter temperatures between next October to May 2024 could “heavily” deplete Germany’s supplies, researchers with the German Gas Storage…

The U.S. Energy Information Administration (EIA) said natural gas storage inventories for the week ending April 14 increased by a larger-than-normal 75 Bcf, indicating that supply/demand balances remain far too loose. The May Nymex gas futures contract was trading slightly lower day/day at $2.210/MMBtu early in Thursday’s session and slipped under $2.200 as the EIA…

Natural gas futures gained back a couple pennies in early trading Thursday as the market prepared to assess the latest government inventory data, expected to show a larger-than-average springtime injection. Coming off a 14.4-cent swoon in the previous session, the May Nymex contract was up 2.7 cents to $2.249/MMBtu at around 8:45 a.m. ET. Predictions…

After a nearly 36.0-cent rally over the past three trading sessions, natural gas traders booked profits amid a stable weather outlook and continued soft production. The May Nymex gas futures contract settled Wednesday at $2.222/MMBtu, off 14.4 cents from Tuesday’s close. June futures fell 12.2 cents to $2.395. At A Glance: Near-term outlook still bearish…