March 23rd, 2023 – Market Update

NYMEX Natural Gas Futures Contract April 2023 prompt month -US$0.017/MMBtu at $2.154| Summer 2023 -$0.01 at $2.61| Winter 2023 +$0.03 at $3.66. Market Fundamentals The market barely reacted to the – 72 BCF withdraw although well priced into the market prior to opening. Natural gas production strength remains the primary driver for the balance of …

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March 22nd, 2023 – Market Update

NYMEX Natural Gas Futures Contract April 2023 prompt month -US$0.177/MMBtu at $2.171| Summer 2023 -$0.160 at $2.625| Winter 2023 -$0.109 at $3.635. Market Fundamentals The market erased yesterdays gains in the early part of the summer months and little change in the winter months. This market is truly starting to bottom out for the April …

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March 17th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Apr23 prompt month | Settle: US$2.338/MMBtu, -0.177 USD/Mmbtu from previous day | High: $2.53 | Low: $2.328 Summer 23 -0.165Winter 23 -0.12 USD/Mmbtu. Market Fundamentals Warm weather will be trending in the East of the Rockies keeping the colder weather in the West. Markets were soft all day as traders …

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March 16th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Apr23 prompt month | Settle: US$2.514/MMBtu, + .075 USD/Mmbtu from previous day | High: $2.55 | Low: $2.428 Summer 23 +.065, Winter 23 +.04 USD/Mmbtu Market Fundamentals Prices rallied all day today as we move into the last days of trading this month. Cool weather in the West continues to …

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March 14th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Apr23 -.033/MMBtu at $2.97 Summer 23 +$0.16 Winter 23 -$0.057 Market Fundamentals This market remains range bound with large swings offset by retracement back over the week. The winter months continue to remain strong at this point in time. Utilities are starting to work through remaining inventories over …

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March 13th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Apr23 + 0.176/MMBtu at $2.93 Summer 23 +0.16 Winter 23 +0.05 Market Fundamentals This market in essence erased the loss from last week closing up slightly overall. Colder weather is forecasted for the next week sending cash prices higher on the day. Enjoy the spring break. (RS)

March 10th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Apr23 -0.113/MMBtu at $2.861 Summer 23 -0.11Winter 23 -$0.05 Market Fundamentals Market continue with lighter than normal trading overall. Sellers are clearing out positions and moving away from hedges as of today. Take care and enjoy the snowy weekend. (RS)

March 9th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Apr23 -0.063/MMBtu at $2.543 Summer 23 -0.073 Winter 23 -$0.07 Market Fundamentals Today the market reverted down as storage withdrawl was relativley weak once again. January 23 was the warmest on record since going back to 1895. LNG continue to ramp up demand over the summer. Take care. …

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March 8th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Apr23 -0.119/MMBtu at $2.596 Summer 23 -.065, Winter 23 -$0.027 Market Fundamentals Today the market reverted down as we work through the week. Overall not much movement from Monday forward. Take care. (RS)

March 7th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Apr23 +$0.115/MMBtu at $2.659 Summer 23 +$0.165, Winter 23 +$0.04 Market Fundamentals Today the market corrected back up although did not reach the high of the Monday opening prices. Cold weather continues across the West and warmer in the East. Take care. (RS)

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