Articles tagged natural gas storage

August natural gas futures are riding higher before rolling off the board next week with speculator positioning and technical levels providing support.

Natural gas futures, battered by hefty supply concerns most of this month, reversed course and powered forward on Thursday after an anemic government inventory report.

Natural gas markets were climbing higher through midday trading Thursday after a weak storage injection showed scorching heat across the country offset demand losses from former Hurricane Beryl.

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 Nymex natural gas futures were higher Friday, abruptly ending a three-day routing to close the week with a 6.1-cent gain, as traders covered short positions and anticipated a demand boost.

Natural gas futures seesawed between gains and losses early Friday as traders weighed a coming stretch of severe heat against mounting surpluses – and the slow recovery in Texas from Beryl.

Against a backdrop of strong production, stout supplies in storage and a demand-thwarting hurricane, natural gas forward prices struggled for direction and ultimately gave up ground.

August natural gas futures were trading lower through midday Thursday after the latest weekly storage injection landed above historical levels.

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.