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US cash prices for next-day flows of natural gas climbed sharply higher on April 18, with many locations trading above $7/MMBtu for the first time since the February 2021 freeze, even as demand is set to weaken over the next week. The physical market’s buoyancy follows a dramatic recent rally in NYMEX Henry Hub futures, ...
US natural gas storage flipped back to withdrawal mode in the week ended April 1, widening the deficit and delaying the start to injection season as Henry Hub futures held firmly at over $6/MMBtu. Lingering winter weather in late March prompted a surprisingly large drawdown of 33 Bcf in the week ended April 1, according ...
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Storage inventories increased 38 Bcf to 1.883 Tcf for the week-ended April 16, the US Energy Information Administration reported April 22. The build barely missed the 37 Bcf addition expected by an S&P Global Platts survey of analysts, as well as the five-year average build of 37 Bcf, according to EIA data. The injection measured well below the 61 Bcf build reported for the week prior, in part due to lower total US supply. The decline was mainly centered on an unexpected fall in ...
The natural gas storage report from the EIA for the week ending April 9th indicated that the amount of natural gas held in underground storage in the US rose by 61 billion cubic feet to 1,845 billion cubic feet by the end of the week, which left our gas supplies 242 billion cubic feet, or 11.6% below the 2,087 billion cubic feet that were in storage on April 9th of last year, but now 11 billion cubic feet, or 0.6% above the five-year average of 1,834 billion cubic feet of natural gas that have been in storage as of the 9th of April in recent years....the 61 billion cubic feet that were added ...
Weekly US natural gas storage injection dwarfs five-year average build: EIA Natural gas injected into US underground storage fields the week ended April 9 dwarfed the five-year average once again, but the Henry Hub summer strip gained some ground while the latest forecasts for the end-of-season total neared 3.5 Tcf. Inventories increased 61 Bcf to 1.845 Tcf, US Energy Information Administration data showed April 15. The build was less than the 65 Bcf addition expected by an S&P Global Platts’ survey of analysts, but it far surpassed the five-year average build of 26 Bcf, according to EIA da...