July 31th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Sep 23 NYMEX Futures settlement -US$0.004/MMBtu at $2.634, high of $2.69, low of $2.60, traded range of $0.08. Summer 23 +$0.01 at $2.688, Winter 2023 +$0.01 at $3.53. Market Fundamentals Very slow trading on across the board today. We noted slight movement in the markets overall as the …

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July 28th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Sep 23 NYMEX Futures settlement +US$0.042/MMBtu at $2.64, high of $2.68, low of $2.56, traded range of $0.121. Summer 23 +$0.042 at $2.702, Winter 2023 +$0.022 at $3.54. Market Fundamentals Today marks first day of trading the Sept 23 with extreme volatility from the open througout the day …

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July 27th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Aug23 NYMEX Futures settlement -US$0.17/MMBtu at $2.492, high of $2.65, low of $2.46, traded range of $0.187. Summer 23 -$0.136 at $2.602, Winter 2023 -$0.38 at $3.519. Market Fundamentals Today marks the last day of trading of Aug23 as the prompt month NYMEX Futures natural gas contract. EIA …

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July 19th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Aug23 prompt month contract settlement -US$0.026/MMBtu at $2.603, low of $2.584, high of $2.65, traded range of $0.07. Summer 23 $0.03 at $2.62, Winter 2023 +$0.03 at $3.45 Market Fundamentals Natural Gas markets were somewhat range bound all day. The estimated EIA storage injections are expected to be in the …

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July 12th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Aug23 prompt month settlement -US$0.099/MMBtu at $2.64, low of $2.62, high of $2.75, traded range of $0.13. Summer 23 -$0.09 at $2.64, Winter 23 -$0.085 at $3.49. Market Fundamentals Markets operate in strange ways! We are off again from yesterdays highs trending back to ranges earlier this week. Traders are …

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July 11th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Aug23 prompt month settlement +US$0.062/MMBtu at $2.73, low of $2.63, high of $2.65, traded range of $0.12. Summer 23 +$0.05 at $2.73, Winter 23 +$0.03 at $3.581. Market Fundamentals Markets remained strong even though maintenance continues within the producing regions. According to a number of pundits, we are likely to …

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June 1st, 2023 – Market Update

NYMEX Natural Gas Futures Contract July prompt month NYMEX contract settlement -US$0.108/MMBtu at $2.16, high of $2.83, low of $2.13, range of $0.15. Summer 2023 -$0.087 at $2.28, Winter 2023 -$0.05 at $3.33 Market Fundamentals Another volatile day on the markets with big movement in all direction. EIA storage estimates were between 105 – 108 …

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May 31, 2023 – Market Update

NYMEX Natural Gas Futures Contract July prompt month NYMEX contract settlement -US$0.061/MMBtu at $2.26, high of $2.41, low of $2.24, range of $0.16. Summer 2023 -$0.06 at $2.365, Winter 2023 -$0.06 at $3.37 Market Fundamentals The July 23 contract was volatile all day with larger than normal swings within a the front month contract. It …

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May 12th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month NYMEX June 2023 settlement +US$0.033/MMBtu at $2.267 USD/Mmbtu. Summer 23 is + $0.008 USD/Mmbtu and Winter 23/24 is + 0.004 Market Fundamentals Markets are not moving much these days with very light volume and little movement until we progress into the Spring. It is interesting to note the …

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May 11th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month NYMEX June 2023 settlement +US$0.03/MMBtu at $2.22 USD/Mmbtu. Summer 23 is + $0.048 USD/Mmbtu trading at $2.41 and Winter 23/24 is + 0.02 at $3.50. Market Fundamentals Markets are not moving much these days. Weather predictions are forecasting an El Nino for the summer. Above average temperature across …

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