Updated Aug 30, 2024
8/30/24
Senior Editor, Markets
Fairfax, VA
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 10 Bcf of natural gas into storage for the week ended Nov. 24. The result landed above expectations and sent Nymex natural gas futures lower.
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 10 Bcf of natural gas into storage for the week ended Nov. 24. The result landed above expectations and sent Nymex natural gas futures lower.
The January natural gas futures contract stumbled out of the gate on its first day as the front-month Wednesday, tripped up by stubbornly warm forecasts for early December and bears sticking to their oversupply views a day before the government’s weekly storage report.
Natural gas futures moved lower ahead of the December contract rolling off at the end of trading Tuesday, weighed down by weather forecasts doubling down on a bearishly warm early December and gas production holding near all-time highs.
Natural gas futures moved lower ahead of the December contract rolling off at the end of trading Tuesday, weighed down by weather forecasts doubling down on a bearishly warm early December and gas production holding near all-time highs.
Natural gas futures retreated for a second session Monday, chased by another record production reading and warmer forecasts for early December. The December Nymex natural gas futures contract settled at $2.794/MMBtu, down 6.1 cents day/day. January fell 5.3 cents to $2.946.
Natural gas futures retreated for a second session Monday, chased by another record production reading and warmer forecasts for early December. The December Nymex natural gas futures contract settled at $2.794/MMBtu, down 6.1 cents day/day. January fell 5.3 cents to $2.946.
Weekly natural gas prices fell at a majority of locations during the Thanksgiving holiday-shortened week as the easing of maintenance in Texas loosened supply to the west and the coming return of wintery weather was not in time to lift prices beyond the eastern regions.
The U.S. Energy Information Administration (EIA) on Wednesday reported a withdrawal of 7 Bcf of natural gas from storage for the week ended Nov. 17. The draw proved steeper than expectations and sent Nymex natural gas futures higher.
The U.S. Energy Information Administration (EIA) on Wednesday reported a withdrawal of 7 Bcf of natural gas from storage for the week ended Nov. 17. The draw proved steeper than expectations and sent Nymex natural gas futures higher.