Into The Vortex – Natural Gas Outlook with Eyes Shifting to a Hot summer or Elevated LNG Demand

Natural gas futures settled back Friday after another week of aggressive volatility. The June Nymex gas futures contract settled at $8.083/MMBtu, up 5.5% for the week. EIA reported a near expected build of 89Bcf of working gas in storage which lifted Natural gas futures higher initially. Europe is moving aggressively to wean itself off Russian natural gas supplies with U.S. exports of liquefied natural gas expected to remain strong for some time. With the global energy crisis LNG exports continue to … Continue reading “Into The Vortex – Natural Gas Outlook with Eyes Shifting to a Hot summer or Elevated LNG Demand”

Into The Vortex – EIA Reported Natural Gas Storage Added 89Bcf

EIA reported a near expected build of 89Bcf of working gas in storage which lifted Natural gas futures higher. Europe is moving aggressively to wean itself off Russian natural gas supplies with U.S. exports of liquefied natural gas expected to remain strong for some time. With the global energy crisis LNG exports continue to grow LNG feed gas volumes over 12Bcf hang near record levels despite maintenance projects. However, futures saw a sharp burst of profit taking Friday and the … Continue reading “Into The Vortex – EIA Reported Natural Gas Storage Added 89Bcf”

Into The Vortex – EIA Reported Natural Gas Storage Grew 76Bcf

EIA reported a near expected build of 76 Bcf of working gas in storage saw Natural gas futures shrugged off the news and surge to near a 14-year high. Europe is moving aggressively to wean itself off Russian natural gas supplies with U.S. exports of liquefied natural gas expected to remain strong for some time. With the global energy crisis LNG exports continue to grow LNG feed gas volumes over 12 Bcf hang near record levels despite maintenance projects. However, … Continue reading “Into The Vortex – EIA Reported Natural Gas Storage Grew 76Bcf”

Into The Vortex – EIA Reports Natural Gas Storage Builds 77Bcf as Futures Scream Higher

EIA reported a higher-than-expected build of 77 Bcf of working gas in storage saw Natural gas futures shrugged off the news and surge to near a 14-year high. Europe is moving aggressively to wean itself off Russian natural gas supplies with U.S. exports of liquefied natural gas expected to remain strong for some time. With the global energy crisis LNG exports continue to grow LNG feed gas volumes over 12 Bcf hang near record levels despite maintenance projects. However, futures … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Builds 77Bcf as Futures Scream Higher”

Into The Vortex – EIA Reports Natural Gas Storage Grew +40Bcf

With the global energy crisis LNG exports continue to grow LNG feed gas volumes over 12 Bcf hang near record levels despite maintenance projects. Natural gas prices continue to chop near the midpoint of the recent range after reversing sharply after touching a high not seen since November 2008 of $8.065, back to $6.5 in the benchmark Henry Hub contract and then to $7.20. EIA reported a lower than expected lower-than-expected build of 40 Bcf of working gas in storage. … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Grew +40Bcf”

Into The Vortex – EIA Reports Natural Gas Storage Grew Larger Than Expected 53Bcf

Natural gas prices have been correcting around $6.8 Btu after spiking to over $8.0 Btu in the benchmark Henry Hub contract, prices not seen since November 2008. EIA reported a larger than expected lower-than-expected build of 53 Bcf of working gas in storage. With the global energy crisis LNG exports continue to grow but we balance supply shortages with deliverability. A tightening backdrop in the natural gas market, unrelenting export demand highlighted by Germany’s dependance on Russian supplies and its … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Grew Larger Than Expected 53Bcf”

Into The Vortex – EIA Reports Working Natural Gas in Storage Increased 15 Bcf

Natural gas prices have risen over $7 Btu in the benchmark Henry Hub contract, prices not seen since November 2008. The premium of futures for June over May rose to a record high for a third day in a row. A tightening backdrop in the natural gas market, unrelenting export demand highlighted by Germany’s dependance on Russian supplies and its impact on domestic supplies futures continue to be elevated. Last week EIA reported a lower-than-expected build of 15 Bcf of … Continue reading “Into The Vortex – EIA Reports Working Natural Gas in Storage Increased 15 Bcf”

Into The Vortex – EIA Reports Natural Gas Storage Fell 33 BCF

With a tightening backdrop in the natural gas market, unrelenting export demand and its impact on domestic supplies futures and basis gas prices continue to be elevated. Last week EIA reported a higher-than-expected Draw of 33 Bcf of working gas in storage, though a pull is expected this week. With the global energy crisis LNG exports continue to grow but we balance supply shortages with deliverability. Volatility continues as US prices have been fluctuating between domestic weather and European supply … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Fell 33 BCF”

Into The Vortex – EIA Reports Build of 26Bcf in Natural Gas Storage

With a tightening backdrop in the natural gas market, unrelenting export demand and its impact on domestic supplies futures and basis gas prices continue to be elevated. Last week EIA reported a higher-than-expected build of 26 Bcf of working gas in storage. With the global energy crisis LNG exports continue to grow but we balance supply shortages with deliverability. Volatility continues as US prices have been fluctuating between domestic weather and European supply concerns with geopolitical concerns supporting gains in … Continue reading “Into The Vortex – EIA Reports Build of 26Bcf in Natural Gas Storage”

Into The Vortex – EIA Reports Draw of 51 Bcf in Natural Gas Stocks as European Prices and LNG Factor

Natural gas prices continue elevated, the April Nymex gas futures contract settled higher after EIA storage numbers. Volatility continues as US prices have been fluctuating between domestic weather and European supply concerns. Geopolitical concerns are supporting gains in natural prices with Europe’s dependence on Russian gas after Russia invaded Ukraine potentially restrict gas flows to Europe. Last week EIA reported a higher-than-expected draw of -51 Bcf of working gas in storage. With the global energy crisis LNG exports continue to … Continue reading “Into The Vortex – EIA Reports Draw of 51 Bcf in Natural Gas Stocks as European Prices and LNG Factor”