Articles tagged South Central storage

For the fourth consecutive week, underground supplies of natural gas in storage in the South Central dwindled, bucking seasonal norms as every other region injected excess fuel into underground stocks.

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 52 Bcf natural gas into storage for the week ended June 21. The result was in line with expectations and left Nymex natural gas futures searching for direction.

As summer-like heat settles across Texas and neighboring states – and production in the region levels off – South Central natural gas storage surpluses are steadily narrowing.

Mexico’s recent widespread blackouts serve as a warning in failed policies for the current and incoming governments, but solutions are available, experts said Thursday. 

Natural gas futures were slightly higher through midday trading Thursday, supported in part by an on-target government inventory report that showed a modestly shrinking surplus.

Utilities injected 50 Bcf of natural gas into storage for the week ended April 12, the U.S. Energy Information Administration (EIA) reported on Thursday. The result, near market expectations and avoiding the previous week’s bearish print, sent futures higher.

Utilities injected 24 Bcf natural gas into storage for the week ended April 5, the U.S. Energy Information Administration (EIA) reported on Thursday. The result exceeded market expectations and kept pressure on Nymex natural gas futures.

Natural gas stored underground in the Midwest finished winter far above historical norms, reflecting strong production and unusually weak weather-driven heating demand.

Natural gas in U.S. storage remains swollen, reflecting an exceptionally mild winter and record levels of production. The one-two punch weighed on prices through most of the heating season and raised concerns about an enduring bear market.