January 30 – 24 Market Update

[4:32 PM] Kourosh Jam

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.096 USD/M which is an decrease of $0.187 USD/M. Summer 24 settled at $2.444 USD/M which decrease by $0.002 USD/M from yesterday.

Market Fundamentals: Canadian gas production volume showed little change this weekend as the model remained at 18.45 Bcf/d. Canadian gas exports on the other hand have climbed since Friday lifting from 5.82 Bcf/d to an increase to 6.74 Bcf/d this morning. In terms of temperature, domestic temperature were +18F warmer across the forecast as Euro Ens 00z shifted most of the continent higher. In the East, temperatures warmed as well, with Ontario gaining +25.8F and Quebec +5.6F. (KJ)

Scroll to Top