February 14, 2024 Market Update

NYMEX Natural Gas Futures Contract  Winter 24, only the March contract now, settled at $1.604 USD/M which is an decrease of $0.07 USD/M.  Summer 24 settled at $2.045 USD/M which decreased by $0.062 USD/M from yesterday.

Canadian natural gas production has increased by 0.39 Bcf/d which lifts production to 18.72 Bcf/d. In terms of domestic gas exports to the United States, exports came out to 5.99 Bcf/d which decreased by 0.2 Bcf/d from last night. Switching over to the weather, Ontario temperatures for the 11-15 day trending warmer. 

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