Storage Report

Natural gas futures gained ground Monday. April closed out its run as the prompt month amid forecasts for light domestic demand but robust export volumes. The April Nymex contract settled at $2.586/MMBtu, up 2.9 cents day/day. May, which becomes the prompt month on Tuesday, advanced 3.4 cents to $2.653. NGI’s Spot Gas National Avg. gained…

Natural gas futures on Monday advanced for a second consecutive session, boosted by continued robust liquefied natural gas (LNG) levels. The April Nymex contract settled at $2.582/MMBtu, up 4.7 cents day/day. May gained 5.3 cents to $2.619. NGI’s Spot Gas National Avg. rose 4.0 cents to $2.310, with prices up across the Rocky Mountains region…

Intraday natural gas price volatility was on full display midweek as traders assessed the impacts of a substantial, though likely temporary, decline in export demand and the potential for a more moderate end-of-February following some of the coldest weather in years. After tumbling to a $2.741/MMBtu intraday low, the March Nymex gas futures contract bounced…

Buoyed by expectations for the lowest temperatures of the winter season so far, natural gas spot prices rocketed sharply higher during the first week of February. The Northeast’s reputation for extreme volatility was on full display as prices soared beyond $15.000 in some locations. NGI Weekly Spot Gas National Avg. surged 47.5 cents to $3.570.…

Natural gas traders appeared to have a bit of sellers’ remorse on Thursday, quickly sending futures prices higher after an initial dip ahead of the latest government storage report.  After slipping to a $2.734/MMBtu intraday low, the March Nymex futures contract settled Thursday at $2.935, up 14.6 cents on the day. April jumped 11.7 cents…

The Energy Information Administration (EIA) reported an on-target 192 Bcf withdrawal from natural gas storage inventories for the week ending Jan. 29. However, the figure was enough to prompt a quick recovery in prices that had started to slip in the minutes leading up to the report. The March Nymex gas futures contract had been…

Weekly natural gas cash prices skyrocketed during a stretch of intense cold across much of the northern United States that spurred robust heating demand. NGI’s Weekly Spot Gas National Avg. for the Jan. 25-28 trading period spiked 48.5 cents to $3.095, lifted by a weeklong rally. The trading week consisted of four trading days for…

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 134 Bcf from natural gas storage for the week ended Jan. 8. The result exceeded both the year-earlier pull and the midpoint of analysts’ estimates, but it fell short of fueling Nymex natural gas futures. It was “a stronger draw than we estimated…reflecting…

A four-day winning streak spurred by chillier forecasts for the second half of January resulted in sharp increases in natural gas forward prices. Gains were particularly strong on the East Coast, nearing 60.0 cents at several pricing hubs during the shortened Dec. 30-Jan. 6 trading period, according to NGI’s Forward Look. Nymex futures mounted solid…