NYMEX Natural Gas Futures Contract April 2023 prompt month -US$0.017/MMBtu at $2.154| Summer 2023 -$0.01 at $2.61| Winter 2023 +$0.03 at $3.66.
Market Fundamentals The market barely reacted to the – 72 BCF withdraw although well priced into the market prior to opening. Natural gas production strength remains the primary driver for the balance of the year. One analyst noted if gas production remains at 100.98 Bcf/d in 2023, we will round out the year 3.1 BDF/D higher maintaining lower than average prices. (RS)