Storage Report

After pushing above $2.40/MMBtu, natural gas futures steadied a bit Wednesday as traders looked ahead to the newest government storage data for further direction. The September Nymex gas futures contract settled at $2.426, up nine-tenths of a cent from Tuesday’s close. October nudged 0.007 cents higher to $2.563. Spot gas prices were mixed as the…

As analysts continued to mull the balance implications of the latest inventory report, traders shrugged off a cooler shift in the overnight guidance to send natural gas futures a few cents higher early Friday. The September Nymex contract was up 1.5 cents to $2.197/MMBtu at around 8:40 a.m. ET. The overnight data from the American…

The U.S. Energy Information Administration (EIA) reported a 58 Bcf injection into natural gas storage inventories for the week ending Aug. 7, coming in on the high end of wide-ranging estimates but still sparking a small initial rally in futures prices. In the minutes leading up to the 10:30 a.m. ET storage report, the September…

Natural gas futures traders appeared to be keeping their powder dry early Thursday ahead of the latest government inventory report, with prices hovering close to even day/day. The September Nymex contract was up 0.6 cents to $2.158/MMBtu at around 8:45 a.m. ET. Reflecting last week’s supply/demand dynamics in the face of cooler weather and impacts…

With the recently volatile natural gas market continuing to decipher the storage picture as the end of injection season nears, futures were up a few pennies in early trading Friday. The September Nymex contract was up 3.2 cents to $2.197/MMBtu at around 8:40 a.m. ET. The forecast outlook shifted slightly hotter overnight, according to Bespoke…

The U.S. Energy Information Administration (EIA) reported a highball 33 Bcf injection into storage inventories for the week ending July 31, prompting a retreat in the gains that natural gas futures mounted early Thursday. The EIA figure was far below last year’s 58 Bcf but on target with the five-year average. The 33 Bcf also…

The U.S. Energy Information Administration (EIA) reported an injection of 26 Bcf into storage for the week ending July 24, a print that came in slightly above the average of major polls and pushed Nymex natural gas futures lower. The result implies that demand, lifted by summer heat and strong energy use for cooling, is…

The U.S. Energy Information Administration (EIA) reported an injection of 37 Bcf into storage for the week ending July 17, marking the fourth consecutive week of double-digit builds and pushing Nymex natural gas futures higher. Ahead of the report, the August contract was up seven-tenths of a cent at $1.688/MMBtu. The prompt month declined slightly…

Global oilfield operator Forum Energy Technologies Inc. said Tuesday second quarter revenue is projected to plunge 37-40% sequentially because of the sharp decline in U.S. oil and gas drilling. The Houston-based operator expects quarterly revenue to be $110-115 million, down by as much as 40% from the first three months of this year. Free cash…