Updated Aug 30, 2024
8/30/24
Natural gas futures traded up a few cents early Tuesday as market participants digested an uneven weather demand forecast, a dip in production and ongoing progress toward addressing a supply overhang.
Natural gas futures were down in early trading Friday as the market shifted its attention away from Thursday’s bullish storage print to moderating summer heat next week.
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 21 Bcf natural gas into storage for the week ended Aug. 2. The result, slightly below expectations, came despite a jump in renewable power that threatened a bearish miss.
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 18 Bcf natural gas into storage for the week ended July 26. The result, below expectations, kicked off a tug-of-war between natural gas futures bulls and bears.
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 22 Bcf natural gas into storage for the week ended July 19. The result exceeded market expectations and kept pressure on Nymex natural gas futures.
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 10 Bcf natural gas into storage for the week ended July 12.
August natural gas futures held to the downside Thursday following the U.S. Energy Information Administration (EIA) storage report for the week ending July 5, which outlined a 65 Bcf build, in line with the high end of expectations and above historical averages.
The U.S. Energy Information Administration (EIA) on Wednesday reported a 32 Bcf build of natural gas in storage for the week ended June 28. The result was within the expected range, and included a bearish revision for the prior week, limiting support for Nymex futures.
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.
Ahead of what is expected to be a bullish inventory report, August natural gas futures were seesawing on early Thursday on either side of the prior day settlement.