Articles filed under Natural Gas Storage

As summer-like heat settles across Texas and neighboring states – and production in the region levels off – South Central natural gas storage surpluses are steadily narrowing.

Ahead of a long holiday weekend and with front month options and futures expiration just around the corner, natural gas futures continued to retreat early Friday amid potential profit-taking.

North American natural gas futures have been on a hot streak these past two weeks as warmer temperatures and tighter supplies provided market bulls with some optimism.

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 78 Bcf natural gas into storage for the week ended May 17. The print was a bullish miss against expectations and historical averages.

Weekly natural gas cash prices were mixed, as a preview of summer weather sent demand higher in portions of the country, and pipeline maintenance underway or ending provided varied directional support.