South Central storage

Utilities injected 50 Bcf of natural gas into storage for the week ended April 12, the U.S. Energy Information Administration (EIA) reported on Thursday. The result, near market expectations and avoiding the previous week’s bearish print, sent futures higher. Ahead of the 10:30 a.m. ET government report, May Nymex futures were trading 4.9 cents higher…

Utilities injected 24 Bcf natural gas into storage for the week ended April 5, the U.S. Energy Information Administration (EIA) reported on Thursday. The result exceeded market expectations and kept pressure on Nymex natural gas futures. Ahead of the 10:30 a.m. ET government print, the May futures contract was down 6.5 cents at $1.820/MMBtu. The…

Natural gas stored underground in the Midwest finished winter far above historical norms, reflecting strong production and unusually weak weather-driven heating demand. Spot gas prices have struggled to find momentum as a result. Chicago Citygate prices hovered around $1.500/MMBtu over the past week, roughly in line with NGI’s Spot Gas National Avg., but down about…

Natural gas in U.S. storage remains swollen, reflecting an exceptionally mild winter and record levels of production. The one-two punch weighed on prices through most of the heating season and raised concerns about an enduring bear market. Yet elevated supplies in storage may ultimately lose much of the current bearish bite. Prices see-sawed over the…