Markets

Natural gas futures traded in the red much of Friday but staved off a fifth-consecutive decline, recovering some ground from the steep losses posted a day earlier after a colossal storage build spooked markets and amplified entrenched supply/demand worries. The July Nymex contract rose 1.3 cents day/day and settled at $1.495/MMBtu. The July contract moved…

Although natural gas forward prices steadied a bit during the June 18-24 period, the stage was set Thursday for a massive sell-off after the latest government storage data amplified fears of containment this fall. The Energy Information Administration (EIA) reported that inventories for the week ending June 19 rose by a much larger-than-expected 120 Bcf,…

Natural Gas futures sunk to a low last seen in 1995 Storage injection easily surpassed analysts’ expectations and magnified supply/demand imbalance worries Summer heat has intensified in June, but the outlook is mixed Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand…

As analysts pointed to this week’s hefty storage injection as evidence of a loose market, natural gas futures extended their recent losses in early trading Friday. The expiring July Nymex contract was down 3.6 cents to $1.446/MMBtu at around 8:40 a.m. ET. August was off 1.2 cents to $1.534. The U.S. Energy Information Administration (EIA)…

Natural gas futures plunged Thursday after a hefty storage injection that easily surpassed the high end of analysts’ expectations and magnified supply/demand imbalance worries amid a coronavirus pandemic that has crippled economic activity and dwindled U.S. exports. The July Nymex contract dropped 11.5 cents day/day and settled at $1.482 /MMBtu — a fourth-consecutive day of…

Although natural gas forward prices steadied a bit during the June 18-24 period, the stage was set Thursday for a massive sell-off after the latest government storage data amplified fears of containment this fall. The Energy Information Administration (EIA) reported that inventories for the week ending June 19 rose by a much larger-than-expected 120 Bcf,…

BREAKING: U.S. EIA reports injection of 120 Bcf natural gas storage for the week ending June 19 Stronger heat-driven demand has yet to materialize, while LNG remains soft Analysts expect EIA to report a triple-digit storage build Spot prices advance as power burns pick up Natural gas futures traded in a narrow range most of…

The U.S. Energy Information Administration (EIA) reported an injection of 120 Bcf natural gas storage for the week ending June 19, a bearish report that soared beyond the high end of projections, driving down natural gas futures. The latest print was “beyond my worst expectations,” said one participant on The Desk’s online energy platform Enelyst.…

Extending the previous session’s losses, natural gas futures were down several cents in early trading Thursday as the market prepared for the release of government storage data expected to show a plump triple-digit injection. The July Nymex contract was down 4.1 cents to $1.556/MMBtu at around 8:45 a.m. ET. Estimates have the U.S. Energy Information…