How is natural gas reacting after the weekly EIA report?

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 114 billion cubic feet for the week ended May 24. The average forecast of analysts polled by S&P Global Platts had called for an increase of 95 billion cubic feet. Total stocks now stand at 1.867 trillion cubic feet, up 156 billion cubic feet from a year ago, but 257 billion below the five-year average, the government said. July natural gas NGN19, -3.77% traded at $2.546 per million British thermal units, down 7.8 cents, or 3%,…

The U.S. natural gas report shows a weekly gain in supplies

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 100 billion cubic feet for the week ended May 17. The average forecast of analysts polled by S&P Global Platts had called for an increase of 103 billion cubic feet. Total stocks now stand at 1.753 trillion cubic feet, up 137 billion cubic feet from a year ago, but 274 billion below the five-year average, the government said. June natural gas NGM19, +1.30% traded at $2.563 per million British thermal units, up 2 cents, or 0.8%,…

Natural Gas prices move higher after the weekly EIA report released

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 106 billion cubic feet for the week ended May 10. The average forecast of analysts polled by S&P Global Platts had called for an increase of 101 billion cubic feet. Total stocks now stand at 1.653 trillion cubic feet, up 130 billion cubic feet from a year ago, but 286 billion below the five-year average, the government said. June natural gas NGM19, +1.46% traded at $2.630 per million British thermal units, up 2.9 cents, or 1.1%,…

Why are natural gas prices so low?

Analysis: In-Line Rise in Storage Stockpiles held in underground storage in the lower 48 states rose by 85 billion cubic feet (Bcf) for the week ended May 3, matching the guidance as per the analysts surveyed by S&P Global Platts. However, the increase was higher than the five-year (2014-2018) average net injection of 72 Bcf, while the reported week saw a similar increase last year. Following past week’s supply addition, at 1.547 trillion cubic feet (Tcf), natural gas inventories are 303 Bcf (16.4%) under the five-year average but 128 Bcf…

Natural gas prices fall after weekly EIA report shows increased supplies

From Myra P. Saefong : The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 85 billion cubic feet for the week ended May 3. That matched the average forecast of analysts polled by S&P Global Platts. Total stocks now stand at 1.547 trillion cubic feet, up 128 billion cubic feet from a year ago, but 303 billion below the five-year average, the government said. June natural gas NGM19, -1.11% traded at $2.589 per million British thermal units, down 2.1 cents, or 0.8%, from Wednesday’s settlement. It was trading at…