Articles tagged storage

Natural gas futures reversed early steeper losses but held the downside following the latest storage data, which outlined a largely expected injection for the week ended Aug. 23.

Prompt month natural gas futures extended declines in light volume trade Monday ahead of the contract’s expiration at the close of business Wednesday.

Coming off a slump the week before, natural gas futures extended their losing ways through early afternoon trading on Monday. Market participants fixated on early signs of fall weather and robust supplies. Near-term heat, however, propelled cash prices.

Responding to the latest storage print for the week ended Aug. 16, natural gas futures moved lower Thursday as a relatively large injection foiled the recent pace of tightening supply.

Natural gas futures rose on Monday for a fifth session as the possibility of a rare summer storage draw later this week highlighted lower output alongside decent demand tightening supply-demand balances.

While the market remains flush with supply, signs of favorable fundamental shifts caught the attention of money managers and powered a natural gas futures rally that spanned most of last week and through early afternoon trading Monday.

Dallas-based EnLink Midstream LLC has sanctioned its first brownfield natural gas expansion project in Louisiana as it works to add 8 Bcf of capacity to the Jefferson Island Storage & Hub.

Natural gas export capacity could explode within months on the Gulf Coast and in Western Canada, a signal for operators to begin ramping up activity. Still, storage is continuing to rise, and weather demand has remained tepid. What does it mean for prices? NGI’s experts have a few answers.

Natural gas futures stumbled to start the trading week amid rising production levels and milder demand forecasts from the cooling effects of Hurricane Debby.

July natural gas futures resumed their decline in early trading Tuesday, undercut by higher estimates for Lower 48 production.