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Natural Gas Prices Soften After EIA Storage Data Confirms Continued Loosening

The Energy Information Administration (EIA) reported a 98 Bcf injection into natural gas inventories for the week ending June 4, falling within a fairly ....

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Todays' Oil and Gas update - Jadestone Energy and Orcadian Energy

Please see SP Angel’s Oil Market outlook for 2021: https://youtu.be/T222JHGzokI
Oil prices continue to rally as the API reported a draw in crude oil inventories of 2.1MMbbls yesterday for the week ending 4 June
Last week, the API reported a draw in oil inventories of 5.4MMbbls after analysts had predicted a draw half that size of 2.1MMbbls
Crude oil inventories have fallen by more than 14MMbbls since the start of this year, according to API data, but are still up 43MMbbls barrels since January 2020
While crude oil inventories fell yet again this week, US oil production fell to an average of 10.8MMbopd for the week ending 28 May, according to the latest data from the Energy Information Administration ....

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Natural Gas Futures Prices Slide Further on Less Supportive Weather, EIA Data

Natural Gas Futures Prices Slide Further on Less Supportive Weather, EIA Data
A sub-triple-digit storage injection couldn’t prevent another drop in natural gas futures on Thursday, the second in a row. Instead, reduced intensity in projected June heat sent the July Nymex gas futures contract down 3.4 cents to $3.041. August slipped 3.5 cents to $3.059.
At A Glance:
Upcoming heat seen mostly in Rockies, not East
Cash prices crumble amid light demand
Spot gas prices reversed course, giving back some of the previous days’ gains. NGI’s Spot Gas National Avg. fell 10.5 cents to $2.745.
Nymex futures fell early in Thursday’s session as traders took a cue from the latest weather models, which showed less projected demand for the next two weeks. Specifically, the American and European models shifted the expected heat into the Rockies and Plains toward the middle of the month, reducing heat in the population centers of the eastern United States. ....

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Market Said to be Expecting Leaner EIA Print Next Week as Natural Gas Futures Climb

Traders shrugged off somewhat weaker heat in the latest forecasts to send natural gas futures a few cents higher early Friday. The July Nymex contract was ....

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Natural Gas Futures Slip Ahead of Fresh EIA Data; Tetco Issue Still Unresolved

After a double-digit gain to start the week, natural gas futures retreated a bit Wednesday as a majority of the previously reported production decline ....

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