March 13 2024 Market Update

NYMEX Natural Gas Futures Contract  The NYMEX Summer 24 settled at $2.204 USD/mmBtu and the Winter 25 strip is at $3.380 USD/mmBtu.

Market Fundamentals: In Canada, domestic gas production has been stable at 18.3-18.4 Bcf/d this week but rose a little from the prior week. Domestic exports to the U.S. has decreased today with a 0.82 Bcf/d decline to 3.14Bcf/d.

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