natural gas storage

Ushering in the official start to the fall season, weekly natural gas cash prices gave up substantial ground amid mild temperatures, fading cooling demand and rising production. NGI’s Weekly Spot Gas National Avg. for the Sept. 19-23 trading period fell $1.185 to $6.485. Heat early in the week quickly dissipated by midweek and, as the…

Natural gas futures on Friday concluded a fifth consecutive weekly decline, led lower by abating cooling demand, increasing production and mounting storage. The October Nymex gas futures contract settled at $6.828/MMBtu to close the week’s final session, down 26.1 cents day/day. November fell 20.1 cents to $6.992. At A Glance: Futures slip below $7 handle…

Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. NGI’s Spot Gas National…

Natural gas futures continued to slide early Friday, falling below the $7 mark as traders and analysts continued to mull the implications of a larger-than-expected weekly inventory build. The October Nymex contract was down 15.6 cents to $6.933/MMBtu at around 8:55 a.m. ET. The Energy Information Administration (EIA) on Thursday reported a 103 Bcf injection…

Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. NGI’s Spot Gas National…

Natural gas prices again showed volatility this week as news of Russia potentially pouring more into the war effort warned of further disruptions to energy markets. After five sessions of losses, the October Nymex gas futures contract settled at $7.779/MMBtu on Wednesday, up 6.2 cents day/day. November gained 5.5 cents to $7.827. But then a…

Natural gas futures on Wednesday gained ground for the first time in five sessions as global supply doubts personified by Russia’s president and his threat of launching nuclear weapons overshadowed fading demand. At A Glance: BREAKING: U.S. EIA reports 103 Bcf injection into storage Putin makes nuclear threat Forecasts call for cooler weather The October…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 103 Bcf into natural gas storage for the week ended Sept. 16. The result exceeded analysts’ expectations and soothed market concerns about ample supplies for the coming winter, keeping pressure on Nymex natural gas futures. The build marked the largest of the year,…

Natural gas futures retreated in early trading Thursday as the market looked ahead to a potentially larger-than-average injection in the latest weekly government inventory report. The October Nymex contract was down 9.6 cents to $7.683/MMBtu as of around 8:45 a.m. ET. Following an up-and-down session Wednesday as markets digested news of Russia’s plans to call…