Withdrawal

Natural gas futures sank Monday as warmer forecasts and rebounding production volumes weighed on outlooks, with the February contract volatile on its last trading day. At A Glance: NGI models 190 Bcf draw  Southeast bucks warm trend Production recovery continues The February Nymex gas futures contract dropped 22.2 cents day/day to settle at $2.490/MMBtu. The…

Updated weather forecasts pointed to ongoing mild conditions that would generate a lack of heating demand through the first half of December. The outlook drove January natural gas futures another leg lower, even as the market eyes what could be the first triple-digit withdrawal from inventories of the season in data due out Thursday. At…

Natural gas futures forged ahead Monday, rebounding from a 7% drop the previous week, as forecasts for colder air late this month and early next galvanized bulls. News Monday that a key export facility was another step closer to reopening after a fire last year added to the momentum. At A Glance: Prompt month gains…

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…

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.