Natural Gas Market Updates

October 15, 2025 – Market Update

Pretty steady day for NYMEX natural gas, markets opened with futures being down about five to ten cents over the next few contract months, but slowly throughout the day prices increased back to yesterday’s settle. The November front month contract ultimately only settled down one cent to $3.016 US/mm.

AECO prices are starting to return back to normal, with the 5A same-day delivery prices consistently hitting the $1 CAD/GJ mark over the past week. There’s a chance it could plummet if there are further pipeline interruptions, but the Alberta market should soon go back to normal as production increases.

Reuters’ prediction for tomorrow’s storage report is an injection of +75 bcf into US underground storage, roughly the same as the actual 80 bcf injected the previous reporting week. With temperatures remaining relatively warm across the map in the near term, these big autumn injections will probably keep coming, pushing the US’s storage surplus even higher.

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