Withdrawal

Slightly Bearish EIA Storage Report Barely Moves NatGas Futures as Market Focuses on Weather

Slightly Bearish EIA Storage Report Barely Moves NatGas Futures as Market Focuses on Weather

The Energy Information Administration (EIA) reported a net withdrawal from natural gas stocks Thursday that fell on the bearish side of market expectations, but the report failed to move the needle in the January contract as forecast December cold remained the focus.

November 30, 2017

Growing Confidence in Forecast Cold Excites NatGas Bulls; January Called Higher

January natural gas was set to open about 6 cents higher at around $3.19 Wednesday, with the market continuing to gain momentum on growing confidence in a cold weather pattern set to move in after the first week of December.

November 29, 2017

December NatGas Called Lower on Overnight Warming; Market Eyeing Early EIA Report

December natural gas was set to open about 2 cents lower Wednesday at around $2.996 as more warming showed up overnight in the medium-range forecast.

November 22, 2017

December NatGas Called Higher as All Eyes on Storage Report

December natural gas was set to open about 2 cents higher Thursday at around $3.10 as all eyes turn to the 10:30 a.m. EDT release of the Energy Information Administration’s (EIA) storage inventory data.

November 16, 2017
$3 Within Sight as Bulls Relish Supportive NatGas Storage Stats

$3 Within Sight as Bulls Relish Supportive NatGas Storage Stats

Natural gas futures scooted higher Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was greater than what the market was expecting.

March 9, 2017
Northeast Weekly Losses Fail To Dampen Bullish Spirits

Northeast Weekly Losses Fail To Dampen Bullish Spirits

For the holiday-shortened trading week physical natural gas managed to keep on trucking higher as nearly all sections of the country recorded about a dime gain. The only region of the nation not in the plus column was the Northeast, and at the end of the three-day trading week the NGI National Weekly Spot Gas Average had added 11 cents to $3.63.

December 30, 2016
Bulls On Run As NatGas Storage Withdrawal Surprises Traders

Bulls On Run As NatGas Storage Withdrawal Surprises Traders

Natural gas futures surged past $3 Wednesday morning after the Energy Information Administration (EIA) reported a storage withdrawal that was not what the market was expecting.

November 23, 2016

Slim Storage Builds In Play; September Called A Penny Higher

September natural gas is expected to open a penny higher Thursday morning at $2.81 as traders mull forecasts of Thursday’s government storage report coming in as low as the single digits. Overnight oil markets fell.

August 25, 2016
Power Burn Drove Last Week’s Net 6 Bcf Withdrawal, EIA Says

Power Burn Drove Last Week’s Net 6 Bcf Withdrawal, EIA Says

Record-high natural gas power burn was the driving factor behind last week’s unusual 6 Bcf summer storage withdrawal, according to the Energy Information Administration (EIA).

August 8, 2016

Increased Gas Storage Withdrawal Key to Lower Power Outage Risks, CPUC Report Says

If limitations can be removed at California’s now-closed largest natural gas storage facility, an increase in withdrawal capacity could lower, if not eliminate, the risk of gas curtailments leading to rolling power outages during peak demand days this summer, according to a state-mandated report released on Wednesday.

June 30, 2016