Withdrawal

Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

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…

November 25, 2020
December Natural Gas Futures Rebound as EIA Reports On-Par Storage Withdrawal

December Natural Gas Futures Rebound as EIA Reports On-Par Storage 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…

November 25, 2020
Traders Shrug Off Large Withdrawal as NatGas Futures Steady

Traders Shrug Off Large Withdrawal as NatGas Futures Steady

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.

November 21, 2019
Season’s First EIA Injection a Bearish Surprise; Natural Gas Futures Slide

Season’s First EIA Injection a Bearish Surprise; Natural Gas Futures Slide

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.

May 3, 2018
Another Bullish Miss For EIA Natural Gas Storage; May, June Futures Gain

Another Bullish Miss For EIA Natural Gas Storage; May, June Futures Gain

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.

April 26, 2018
Big Bullish EIA Storage Miss Helps Natural Gas Futures Bounce Back Following Sell-Off

Big Bullish EIA Storage Miss Helps Natural Gas Futures Bounce Back Following Sell-Off

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.

April 19, 2018
Bullish Miss in EIA Storage Gives Brief Bump to Natural Gas Futures; Balance Still Seen Loose

Bullish Miss in EIA Storage Gives Brief Bump to Natural Gas Futures; Balance Still Seen Loose

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.

April 12, 2018
Louisiana, Appalachia Lead Way as U.S. Natural Gas Production Sets Records

Louisiana, Appalachia Lead Way as U.S. Natural Gas Production Sets Records

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.

April 10, 2018
Implied EIA Storage Withdrawal Seen Looser; Natural Gas Futures Slide

Implied EIA Storage Withdrawal Seen Looser; Natural Gas Futures Slide

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.

April 5, 2018
Bearish EIA Storage Miss Makes Dent in Natural Gas Futures Rally Supported by Chilly April

Bearish EIA Storage Miss Makes Dent in Natural Gas Futures Rally Supported by Chilly April

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.

March 29, 2018
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