Natural Gas Market Updates

July 22, 2025 – Market Update

An interesting weather pattern is shaping up for the North Eastern US. Temperatures are looking hot especially for those living in the South and Midwest for the last few days of July, but the North East, including Ontario will likely catch a break soon after. In the near-term, temperatures in Toronto are currently quite cool and very pleasant, but Ontario is expecting a jump above normal this over the next few days.

Production in Canada is holding at around 17,500 MMcf/d. Not quite as high as during the winter, but a slow and gradual increase since June. Production in the lower 48 states remains consistent at about 104,500 MMcf/d, as it has since February, and hits new all time highs even with the slightest fluctuations. NYMEX tracked lower today, settlements coming down a few cents.

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