storage

Natural Gas Futures Higher Even After Bearish Storage Stat

Natural Gas Futures Higher Even After Bearish Storage Stat

Natural gas futures eke out small gain after EIA prints larger-than-expected build Containment still a risk with two-plus months in the injection season Cash rallies in California, producing regions amid scorching summer heat The U.S. government’s latest storage data failed to inspire a large deviation of the previous day’s trading range, leaving September Nymex natural…

August 14, 2020
Natural Gas Futures Churn Out Small Gain After ‘Neutral’ EIA Storage Report

Natural Gas Futures Churn Out Small Gain After ‘Neutral’ EIA Storage Report

The U.S. government’s latest storage data failed to inspire a large deviation of the previous day’s trading range, leaving September Nymex natural gas futures only 3.0 cents higher day/day at $2.182. October climbed 2.7 cents to $2.324. Spot gas prices were mostly higher except on the East Coast, resulting in a 7.5-cent increase for NGI’s…

August 13, 2020
Slightly Weaker Balances Behind Modest Retreat for Natural Gas Futures

Slightly Weaker Balances Behind Modest Retreat for Natural Gas Futures

BREAKING: U.S. EIA reports 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 Nymex natural gas futures slip despite little change in weather outlook Cash starts to soften on cooler East temperatures Natural gas futures quickly reversed course midweek after…

August 13, 2020
Natural Gas Futures Pare Gains on High-Side EIA Storage Build

Natural Gas Futures Pare Gains on High-Side EIA Storage Build

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…

August 13, 2020
Natural Gas Futures Pare Recent Gains on Cooler Weather Forecasts

Natural Gas Futures Pare Recent Gains on Cooler Weather Forecasts

Natural gas futures retreated Monday in a move that was not completely unexpected given the quick pace at which prices rallied last week. With pressure from cooler weather outlooks and weaker power burns, the September Nymex natural gas futures contract settled 8.5 cents lower at $2.153. October fell 8.9 cents to $2.287. Cash prices, however,…

August 10, 2020
Natural Gas Futures Close Out Strong Week with 7-Cent Gain

Natural Gas Futures Close Out Strong Week with 7-Cent Gain

Natural gas futures recover losses as forecasts trend hotter Another pullback not out of the question as export demand still unclear Cash slides further amid light weekend demand With former Hurricane Isaias in the rearview mirror and hot weather back in the near-term and long-range forecasts, natural gas futures quickly recouped Thursday’s losses, and then…

August 10, 2020
Natural Gas Futures Retreat After EIA Storage Figure Tops Expectations

Natural Gas Futures Retreat After EIA Storage Figure Tops Expectations

EIA storage build underwhelms, drives natural gas futures lower End-of-season storage trajectory still in question Pipeline maintenance continues to impact Permian cash prices Natural gas futures buckled under pressure Thursday after a slightly larger-than-expected storage injection sapped the momentum prices had earlier in the week. The September Nymex futures contract settled at $2.165, down 2.6…

August 7, 2020
Natural Gas Futures Slip as EIA Storage Data Reflects ‘Woefully Oversupplied’ Market

Natural Gas Futures Slip as EIA Storage Data Reflects ‘Woefully Oversupplied’ Market

Natural gas futures buckled under pressure Thursday after a slightly larger-than-expected storage injection sapped the momentum prices had earlier in the week. The September Nymex futures contract settled at $2.165, down 2.6 cents day/day. October also slipped 2.6 cents to $2.305. Spot gas prices softened across the board as well, dragging down NGI’s Spot Gas…

August 6, 2020
Two-Day Surge Ends for Natural Gas Futures; Transwestern Outage Impacts Permian Cash

Two-Day Surge Ends for Natural Gas Futures; Transwestern Outage Impacts Permian Cash

BREAKING: U.S. EIA reports a highball 33 Bcf injection into storage inventories for week ending July 31 Natural gas futures on steadier foot after wild two-day rally Analysts say stronger pricing may be here to stay Transwestern force majeure drags Permian cash lower After a two-day rally that added roughly 40 cents to the price…

August 6, 2020
Natural Gas Futures Trim Gains, but Still in Green After Larger-Than-Expected Storage Build

Natural Gas Futures Trim Gains, but Still in Green After Larger-Than-Expected Storage Build

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…

August 6, 2020
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