Page 6 - தேசிய சமநிலைப்படுத்துதல் பாயஂட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
DGAP-News: BP p l c Group results - First quarter 2021
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DGAP-News: BP p l c Group results - First quarter 2021
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Modest Recovery for Natural Gas Forwards Foreshadows Increasingly Tight Balances This Summer
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Bullish EIA Data Boosts Natural Gas Futures Prices - Natural Gas Intelligence
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May Natural Gas Prices Rally as EIA’s 38 Bcf Storage Build Points to ‘Tight’ Balances
The Energy Information Administration (EIA) reported a smaller-than-expected 38 Bcf injection into natural gas storage facilities for the week ending April 16.
With estimates ahead of the EIA report pointing to a build as large as 56 Bcf, Nymex futures traders harped on the news.
The May Nymex contract was trading nearly flat day/day at around $2.69/MMBtu, with 36,000 contracts traded just prior to the EIA report. As the EIA print crossed trading desks, the prompt month jumped to $2.736, up 4.4 cents from Wednesday’s close, with around 41,400 contracts traded. By 11 a.m., prices picked up another couple of cents to trade at $2.757, with more than 66,500 contracts traded.