Storage Report

For the second week in a row, the Energy Information Administration (EIA)’s weekly natural gas storage inventory report surprised to the downside, showing a much smaller-than-expected 114 Bcf withdrawal from stocks for the week ending Dec. 25. However, natural gas market bears who were hoping to pop champagne after the EIA report were disappointed, as…

The Energy Information Administration (EIA) reported a “pretty bullish” 122 Bcf withdrawal from storage inventories for the week ending Dec. 11, in line with market expectations ahead of the report. After briefly slipping into the red early Thursday, the January Nymex gas futures contract was trading a couple of cents higher at around $2.700/MMBtu in…

Natural gas bulls were on parade Thursday as the stars aligned to offer support for struggling futures prices. Thanks to lower production, a “quite strong” storage withdrawal, cooler-trending weather outlooks and solid export demand, the January Nymex futures contract settled 11.1 cents higher at $2.553. February jumped 11.4 cents to $2.570. Spot gas prices continued…

The U.S. Energy Information Administration (EIA) reported a 91 Bcf withdrawal from natural gas storage inventories for the week ending Dec. 4, coming in above estimates that clustered around a draw in the mid-to-high 80s Bcf. Natural gas futures, already a few cents higher ahead of the EIA report, skyrocketed once the print hit the…

The U.S. Energy Information Administration (EIA) reported a 1 Bcf withdrawal for the week ending Nov. 27, coming in more than 10 Bcf below consensus for the reporting period that included the Thanksgiving holiday. Natural gas futures already were sharply lower Thursday morning as the latest weather models dimmed hopes for mid-December cold. Ahead of…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 31 Bcf into natural gas storage for the week ending Nov. 13. The result exceeded the midpoint of analysts’ bearish estimates and punctuated market concerns about weak weather demand, keeping pressure on Nymex natural gas futures. “It was warmer than normal over the…

Despite robust export demand, bearish weather patterns and increased production weighed down natural gas futures on Monday. The December Nymex contract dropped 29.8 cents day/day and settled at $2.697/MMBtu to start the trading week. January fell 25.8 cents to $2.864. NGI’s Spot Gas National Avg. rose 3.0 cents to $2.630, as demand in the Northeast…

The U.S. Energy Information Administration (EIA) on Thursday reported a natural gas withdrawal of 36 Bcf from storage for the week ending Oct 30, exceeding the market’s expectations. It marked the first pull of the season and arrived two weeks early when compared to historical norms. The decrease reflected chilly weather during the covered week…

Natural gas futures on Monday dropped as mid-range weather worries overshadowed continued strong liquefied natural gas (LNG) levels. The December Nymex contract shed 11.0 cents day/day and settled at $3.244/MMBtu. January lost 9.4 cents to $3.375. Spot gas prices, meanwhile, dipped lower despite a chilly start to the week. NGI’s Spot Gas National Avg. fell…