In a choppy and abbreviated week of trading influenced by shifting weather patterns and demand uncertainty, weekly cash prices ultimately posted a slight loss. NGI’s Weekly Spot Gas National Avg. for the Nov. 23-25 period declined a half-cent to $2.325. The market week was shortened to three days due to the Thanksgiving holiday. Natural gas…
Articles from Withdrawal
The U.S. Energy Information Administration (EIA) on Wednesday reported a withdrawal of 18 Bcf from natural gas storage for the week ended Nov. 20, led by a relatively large pull in the East. The result was roughly on par with expectations set by major polls, and Nymex natural gas futures rebounded on the news. Ahead…
A larger-than-expected drop in inventories to open the withdrawal season failed to spark a sustained rally in the natural gas futures market Thursday, although prices finished the day slightly higher. After probing both sides of even, the December Nymex contract ultimately settled at $2.567/MMBtu, up 0.8 cents. January added 1.1 cents to $2.622.
The Energy Information Administration (EIA) ushered in the start of injection season Thursday with a reported natural gas storage build that was larger than expected, sending futures lower.
Natural gas futures got a bump Thursday after the Energy Information Administration (EIA) reported a rare April storage withdrawal that came in tighter than expected.
The Energy Information Administration (EIA) on Thursday reported a net withdrawal from natural gas inventories that missed to the bullish side of estimates, helping futures claw their way back in a market expecting surging production to make up for storage deficits.
The Energy Information Administration (EIA) on Thursday reported a natural gas storage withdrawal that was somewhat tighter than the market had been expecting, and futures got a slight bump on the news before pulling back.
U.S natural gas production as measured by gross withdrawals reached 90.9 Bcf/d in 2017, the highest volume on record, the U.S. Energy Information Administration reported Tuesday.
Natural gas futures pulled back Thursday after the Energy Information Administration (EIA) reported a weekly storage withdrawal that came in looser versus market expectations, although a reclassification resulted in a slightly larger net decrease to inventories overall.
The Energy Information Administration (EIA) reported a weekly natural gas storage withdrawal Thursday that missed to the bearish side of market expectations, and futures — trading higher on colder overnight weather trends — pulled back a few cents on the news.