NYMEX Natural Gas Futures Contract Prompt month May 2023 settlement +US$0.009/MMBtu at $2.106. High: $2.166, low: $2.076, range: $0.09. | Summer 2023 balance +$0.009 at $2.507, Winter 2023 +$0.009 at $3.534.

Market Fundamentals Supply and demand moved against each other today and netted off to a minimal impact. April weather continues to be projected warmer and closer to the 10-year normal. Production on the other hand, took a hit due to maintenance and wrote of 2.1 billion cubic feet (Bcf), hitting the lowest level since the January freeze-offs (approx. 99 Bcf range). Looking ahead, storage injections continue to shrink as this Thursday’s early forecasts have numbers ranging in the 20s. ~CL

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