Articles filed under Natural Gas Storage

Production soared to record levels in Canada and intersected with a relatively mild winter earlier this year. This left the country with robust supply and weak natural gas prices. It also resulted in elevated levels of exports to the Lower 48, where buyers capitalized on relatively low-cost gas.

Pacific inventories of underground natural gas remain elevated relative to historical norms – but far less so than any other region.

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.

Natural gas futures fell further in early trading Friday as the market continued to mull a larger-than-expected inventory build and signs of returning production volumes.

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.

Natural gas futures hovered close to even early Thursday as the market prepared for the release of a government inventory report expected to show another weak injection of supply into underground storage.

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.

Natural gas futures moved higher early Thursday as traders prepared to digest updated government inventory data for a week that took difficult-to-predict demand hits from former Hurricane Beryl and a holiday weekend.

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.

Natural gas futures traded lower early Thursday as traders awaited updated government inventory data and whether the third largest U.S. LNG terminal was close to restarting.