Articles filed under Natural Gas Storage

Working natural gas in storage is on the cusp of topping out in Alberta, the Canadian province with the largest capacity.

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.

Stout Canadian supplies of natural gas in storage following a mild winter and robust levels of production continue to pressure prices north of the U.S. border.

Natural gas prices advanced in July bidweek trading as forecasts called for strong early summer heat to further intensify and cover more of the Lower 48 in the month ahead, offsetting rising production volumes and stout supplies in storage.

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.

The U.S. Energy Information Administration (EIA) on Friday reported an injection of 71 Bcf of natural gas into storage for the week ended June 14. The result modestly exceeded expectations, but fell shy of historic norms, leaving Nymex natural gas futures treading lightly.

Weekly natural gas cash prices jumped across regions as summer heat ramped up ahead of record levels later this month. Futures topped $3/MMBtu before falling back on hints of higher production.

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 74 Bcf of natural gas into storage for the week ended June 7. The result was in line with expectations, but a bearish revision to last month’s storage levels sent futures lower.

Mexico’s Comisión Federal de Electricidad (CFE) has won an arbitration case against Whitewater Midstream LLC related to Winter Storm Uri.

Natural gas inventories in the East remain elevated following a mild winter. But prices have started to pop in parts of the region amid bursts of early season cooling demand and expectations for more to come.