Storage Report

Natural Gas Futures Nearly Erase Early Losses after EIA Reports Paltry 29 Bcf Storage Injection

Natural Gas Futures Nearly Erase Early Losses after EIA Reports Paltry 29 Bcf Storage Injection

The U.S. Energy Information Administration (EIA) reported a much smaller-than-expected 29 Bcf injection into natural gas storage inventories for the week ending Oct. 23, quickly trimming early losses at the front of the Nymex futures curve. The reported build compares with last year’s 89 Bcf injection and the five-year average build of 67 Bcf. The…

October 29, 2020
Natural Gas Futures Steady After EIA Reports Smaller-Than-Expected Storage Build

Natural Gas Futures Steady After EIA Reports Smaller-Than-Expected Storage Build

The Energy Information Administration (EIA) reported a 49 Bcf injection into natural gas storage inventories for the week ending Oct. 16, confirming an increasingly tight supply/demand natural gas balance. Still, Nymex futures prices barely flinched after the EIA data came in slightly lower than consensus. Ahead of the report, NGI’s model projected 52 Bcf build,…

October 22, 2020
Natural Gas Futures Sputter on Weather, LNG Demand Uncertainty

Natural Gas Futures Sputter on Weather, LNG Demand Uncertainty

Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage inventories by the end of October.  With an increasingly chillier weather pattern emerging for the end of the month, the November Nymex gas…

October 16, 2020
Natural Gas Futures Trim Early Gains Despite Sharply Lower-Than-Expected Storage Build

Natural Gas Futures Trim Early Gains Despite Sharply Lower-Than-Expected Storage Build

The Energy Information Administration (EIA) reported a surprising low-side 46 Bcf injection into natural gas storage inventories for the week ending Oct. 9. The EIA figure was around 10 Bcf below consensus, and Nymex futures, which surged early Thursday, climbed another couple of notches. The November contract was trading at $2.792/MMBtu in the minutes leading…

October 15, 2020
Natural Gas Futures Prices Erratic Following High-Side EIA Storage Report

Natural Gas Futures Prices Erratic Following High-Side EIA Storage Report

The U.S. Energy Information Administration (EIA) reported a 75 Bcf injection into natural gas storage inventories for the week ending Oct. 2, a figure that was exactly on target with NGI’s projection. Though on the higher end of the wide ranging estimates, price reaction was rather muted immediately after the data was released. In the…

October 8, 2020
Natural Gas Futures Slip, Then Recover as EIA Delivers On-Target Storage Build

Natural Gas Futures Slip, Then Recover as EIA Delivers On-Target Storage Build

The Energy Information Administration (EIA) reported a 76 Bcf injection into natural gas storage inventories for the week ending Sept. 25, a figure that offered no surprises to the market but initially knocked prices down a couple of notches. The November Nymex gas futures contract was trading about 5.5 cents lower in the minutes leading…

October 1, 2020
November Natural Gas Futures Give Up More Ground Ahead of Storage Report

November Natural Gas Futures Give Up More Ground Ahead of Storage Report

Natural gas futures on Wednesday crept lower, following a steep drop the previous day, as traders mulled weather-driven demand concerns, stagnated liquefied natural gas (LNG) levels, and the potential for a higher storage injection with the federal government’s pending report Thursday morning.   The November Nymex contract shed 3.4 cents day/day and settled at $2.527/MMBtu. The…

September 30, 2020
Natural Gas Futures Pare Gains as Analysts Continue Mulling Lean EIA Print

Natural Gas Futures Pare Gains as Analysts Continue Mulling Lean EIA Print

As analysts continued to digest the implications of the latest government inventory report, natural gas futures early Friday pared some of their recent gains.  The October Nymex contract, set to expire early next week, was down 4.1 cents to $2.207/MMBtu at around 8:45 a.m. ET. November was off 5.8 cents to $2.841. Natural gas rallied…

September 25, 2020
EIA’s Bullish Storage Injection Supports Advance of October Natural Gas Futures

EIA’s Bullish Storage Injection Supports Advance of October Natural Gas Futures

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 66 Bcf into storage for the week ending Sept. 18, comfortably below the low end of analyst estimates and reinforcing a morning rally for Nymex natural gas futures. Ahead of the EIA report, the October contract was up 8.7 cents at $2.212/MMBtu. The…

September 24, 2020
Potential for Lighter EIA Print Helps Propel Natural Gas Futures Rally Early

Potential for Lighter EIA Print Helps Propel Natural Gas Futures Rally Early

Natural gas futures continued to rally in early trading Thursday as the market anticipated a potentially lighter-than-average build from the latest government inventory report. The October Nymex contract was up 12.2 cents to $2.247/MMBtu at around 8:45 a.m. ET. Predictions ahead of this week’s Energy Information Administration (EIA) storage report, scheduled for 10:30 a.m. ET,…

September 24, 2020
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