natural gas storage

Boosted by late-season heat, domestic storage concerns and robust global demand, natural gas futures on Wednesday rallied for a fifth-straight session. The October Nymex gas futures contract spiked 83.0 cents day/day and settled at $9.114/MMBtu, marking its biggest jump in the latest bull run. November gained 83.3 cents to $9.167. At A Glance: BREAKING: U.S.…

The prospect of large winter price premiums and the challenge of infrastructure bottlenecks are driving traders and utilities to stash LNG volumes at sea, ballooning the levels of floating gas in storage to a two-year high and sustaining lofty charter rates. Daily floating storage levels reached 1.5 million tons (Mt) of liquefied natural gas stored…

The U.S. Energy Information Administration (EIA) reported an injection of 77 Bcf natural gas into storage for the week ended Sept. 9. The result came in above median estimates and added pressure to already slumping Nymex natural gas futures. The build kept inventories below average levels, but analysts on the online energy platform Enelyst said…

Natural gas futures reversed sharply lower early Thursday as reports of a tentative labor agreement removed the looming threat of major rail system disruptions. After jumping 83.0 cents higher in the previous session, the October Nymex contract was off 55.5 cents to $8.559/MMBtu at around 8:50 a.m. ET. The steep sell-off came amid reports early…

Despite multiple bearish indicators heading into winter, it doesn’t take much these days for U.S. natural gas prices to swing sharply upward, experts said Monday. Rising domestic production and expected milder than average temperatures across much of the Lower 48 should help keep prices in check over the coming months, even with storage levels currently…

Natural gas futures on Tuesday forged ahead a fourth-consecutive session as near-term weather conditions took a bullish turn and domestic production declined amid maintenance events. Festering fears about European supply woes added upward price pressure. Coming off a 25.3-cent rally on Monday – and gains over the two prior sessions last week — the October…

With the market left to contemplate lingering cooling demand and stubborn storage deficits, natural gas futures continued to push higher in early trading Wednesday. The October Nymex contract was up 29.3 cents to $8.577/MMBtu at around 8:45 a.m. ET. The weather outlook underwent only small adjustments based on the overnight data, continuing to show widespread…

Natural gas futures on Monday advanced for a third consecutive session, propelled by festering worries about winter storage inadequacy. The October Nymex gas futures contract jumped 25.3 cents day/day and settled at $8.249/MMBtu. November rose 24.3 cents to $8.287. NGI’s Spot Gas National Avg. followed suit, gaining 18.5 cents to $7.620. “The storage situation is…

Natural gas futures on Monday advanced for a third consecutive session, propelled by festering worries about winter storage inadequacy. The October Nymex gas futures contract jumped 25.3 cents day/day and settled at $8.249/MMBtu. November rose 24.3 cents to $8.287. NGI’s Spot Gas National Avg. followed suit, gaining 18.5 cents to $7.620. “The storage situation is…