A short-term bullish retracement is pushing prices up, but the long-term trend remains firmly bearish heading into summer. Key market drivers, from geopolitical uncertainty to LNG expansion and shifting European storage policies, will dictate price movements in
Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, has secured the first environmental approval for a grid-scale battery energy storage system (BESS) under South Australia''s new Hydrogen and Renewable Energy
Bearish US natural gas storage inventory data continued to pressure domestic gas futures lower on Thursday despite the emergence of several potentially bullish indicators.
Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, has secured the first environmental approval for a grid-scale battery energy storage system (BESS) under South Australia''s new Hydrogen and Renewable Energy (HRE) Act.
Read the latest update on natural gas futures as prices slip after a bearish storage surprise. Stay informed on the latest market trends and developments.
The smallest weekly storage build of the injection season failed to inspire a Nymex gas futures rally as the September contract endured a trading week bookended by $2 handles.
Largely anticipated bearish storage build sends natural gas futures tumbling as US Energy Information Administration reports 37 Bcf injected into inventories.
The American Gas Association (AGA) said that during the week ending Mar. 29, a total of 65 Bcf, or 9.3 Bcf/d, was withdrawn from US underground storage facilities to bring the total amount of working gas in storage to 1,424 Bcf, or 43% full.
The US Energy Information Administration is widely expected to announce another tepid drawdown from US natural gas storage in early February, further widening the surplus, as mild weather and correspondingly weak demand continue to drive a supply overhang weighing on the US gas market.
Get the latest insights on September natural gas futures with a recap of the recent storage build report and market analysis. Learn how cooler weather and energy trends are impacting prices.
Hydro storage was another important bearish driver, with heavy precipitation at the end of August improving hydro balances across Europe. In the Nordic region, extreme rainfall delivered record negative spot prices and led to a steep recovery of Norwegian hydro stocks.
