News
07/29/10: Natural Gas Keeps Gains After Small Supply Increase
Natural gas prices kept gains Thursday as a government report showed a smaller-than-anticipated increase in natural gas in storages. Natural gas for September delivery rose 12 cents, or 2.3%, to $4.83 per million British thermal units, roughly where it was before the report. The Energy Information Administration reported an increase of 28 billion cubic feet to natural gas inventories for the week ended July 23. Analysts had expected… Click here for full 07/29/10 article.
07/22/10: Natural Gas Advances on Supply Report, Storm Threat
Natural gas futures rose today as a government report showed a smaller than average U.S. stockpile gain last week, and a tropical depression has formed in the Atlantic about 405 miles east-southeast of Key Largo, Florida, according to a statement released by the National Hurricane Center. Supplies gained 51 billion cubic feet, below the five-year average gain of 64 billion, an Energy Department report today showed. Analysts had expected a gain of… Click here for full 07/22/10 article.
07/15/10: Natural Gas Futures Rally After EIA Storage Data
Natural gas prices rallied on Thursday after a government report showed an increase in natural gas in storage on the lower side of expectations. August natural gas added 18 cents, or 4.2%, to $4.48 per million British thermal units, after swerving in and out positive territory earlier. The Energy Information Administration on Thursday reported an increase of 78 billion cubic feet to the nation's stockpiles of natural gas. Analysts polled had expected an increase of… Click here for full 07/15/10 article.
07/08/10: Natural Gas Reserves Grow More Than Expected
Government figures released Thursday show natural gas stockpiles grew last week more than analysts expected. The Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states increased by 78 billion cubic feet to 2.762 trillion cubic feet for the week ended July 2. The government said… Click here for full 07/08/10 article.
03/25/10: Natural Gas Falls Below $4 as Supplies Exceed Forecast
Natural gas fell below $4 per million British thermal units for the first time in almost six months as a government report showed that U.S. inventories of the power-plant fuel rose more than analysts anticipated. Inventories gained 11 billion cubic feet in the week ended March 19, the Energy Department said today. Analysts forecast an increase of 8 billion. The five-year average change is a decline of 37 billion. Natural gas for April delivery fell 13.3 cents, or 3.2 percent, to $3.972 per million Btu at 12 p.m. on the NYMEX. The contract reached $3.94 per million Btu, the lowest price since Sept. 28… Click here for full MA 03/25/10 article.
03/18/10: Natural Gas Falls to Five-Month Low after Supply Report
Natural gas futures dropped to the lowest price in more than five months as a surplus of the fuel gained after a smaller than forecast stockpile decline. Inventories shrank 11 billion cubic feet in the week ended March 12, the EIA report today showed. Analysts forecast a decline of 30 billion cubic feet. The surplus to the five year average widened to 4.7 percent from 1.2 percent a week earlier. Natural gas for April delivery fell 4.5 cents, or 1.1 percent, to $4.258 per mmBtu at 10:01 a.m. on the NYMEX. Gas touched $4.241, the lowest price since Nov. 20. Natural Gas futures have declined 24 percent this year… Click here for full MA 03/18/10 article.
03/11/10: Natural Gas Drops to 15-Week Low on Ample Supply
Natural gas futures extended declines in New York after a weekly government report today showed supplies of the fuel will be ample during milder-thannormal weather at the end of the heating season. Inventories shrank 111 billion cubic feet in the week ended March 5. Supplies were 1.2 percent above the five-year average, unchanged from the last week's report. Natural gas for April delivery fell 8.7 cents, or 1.9 percent, to $4.472 per million British thermal units at 10:58 a.m. on the NYMEX. Above-normal temperatures will stretch from the Midwest to the Northeast… Click here for full MA 03/11/10 article.
03/04/10: Natural Gas Storage Levels Drop Less Than Expected
Natural gas stockpiles fell less than expected last week, the government said Thursday morning. The Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states dropped by 116 billion cubic feet for the week ended Feb. 26. Analysts expected stocks to fall between 128 and 132 bcf. The inventory level was 1.2 percent above the fiveyear average of about 1.7 trillion cubic feet, and 3.9 percent below last year's storage level of about 1.81 trillion cubic feet… Click here for full MA 03/04/10 article.