storage

Global natural gas prices edged upward despite limited activity on the market as traders weighed the potential winter supply risk from a widening war in the Middle East and colder forecasts. European and East Asian benchmark prices jumped Monday, reversing last week’s downward slope as hefty storage levels and mild weather continued to drag on…

With the market awash in supply and staring at bearish forecast maps stretching deep into November, regional natural gas forwards sold off sharply across the winter strip during the Nov. 2-7 trading period, NGI’s Forward Look data show. Henry Hub fixed prices saw deep discounts week/week, with December dropping 35.5 cents to $3.144/MMBtu. January, February…

Henry Hub natural gas spot prices will average $3.40/MMBtu this winter as mild weather and strong production should help to maintain a healthy supply buffer, the U.S. Energy Information Administration (EIA) said in updated projections published Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA recorded an average spot price at the national benchmark of…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 74 Bcf natural gas into storage for the week ended Oct. 20. The result came in shy of expectations and bolstered Nymex natural gas futures. The Nymex November futures contract was up 1.6 cents at $3.026/MMBtu in early trading and held mostly unchanged…

Natural gas forwards, mirroring Nymex futures, trended lower during the Oct. 11-18 trading period, though once again price action at hubs in the West diverged from the rest of the Lower 48, according to NGI’s Forward Look data. Henry Hub fixed prices for November delivery fell 32.1 cents to $3.059/MMBtu, and front month discounts of…

Aside from some nearer term discounts at elevated western hubs, Lower 48 natural gas forwards raced higher during the Oct. 5-11 trading period, riding a wave of bullish sentiment in Nymex futures and at benchmark Henry Hub, NGI’s Forward Look data show. A bullish surprise from the U.S. Energy Information Administration’s (EIA) Oct. 5 natural…

Ukraine’s storage contracts with western European gas traders are rising along with transported gas volumes despite Russia’s heightened campaign against the country’s energy infrastructure. As European Union storage has continued to outpace seasonal averages through the year, traders have been relying on Ukraine’s substantial underground storage facilities as a sink for the glut of liquefied…

Natural gas futures floundered at first on Monday, hindered by autumn-like weather. As the session wore on, though, traders shifted attention to production that remains below recent highs as well as predictions for another lean storage increase. At A Glance: Production off recent highs Heat endures in the South NGI models 63 Bcf injection Coming…

Ukraine’s natural gas storage inventories are growing with European traders sending more supply to the country as stocks elsewhere on the continent are brimming.  Ukraine Energy Minister German Galushchenko said Wednesday on the social media platform Telegram that foreign traders had pumped 1.8 billion cubic meters (Bcm), or about 64 Bcf, into the country’s underground…