Ron

EIA storage report came out today with a surprise to the upside with an injection of 7bcf.  The front NYMEX contract sold off to the bottom of the range but bounced back by the end of the day to close basically unchanged.  The Summer Strip is trading $2.20 US/mm and Winter Strip is trading $3.36 […]

NYMEX Natural Gas Futures Contract  The NYMEX Summer 24 settled at $2.208 USD/mmBtu and the Winter 25 strip is at $3.384 USD/mmBtu. Market Fundamentals: In North America, seasonal spread makes up the gas prices as gas is stored in the summer and withdrawn from storages. But, due to the flexibility in production of oil to

Spot NYMEX has been trading tight without direction all week.  Both Apr and May futures are trading below $2.00 US/mm The Summer Strip is trading $2.26 US/mm and Winter Strip is trading $3.45 US/mm. Even though it has been cooler in Ontario this week and there is even some snow out the window right now

What was up on Thursday has now reversed today.  The NYMEX futures contracts are down with the Summer 25 strip trading $2.20 US/mm & Winter 24/25 at $3.38 US/mm. Front Month Natural Gas has been trading below $2.00 US/mm for a while now because of good supply and low consumption….  and low prices bring CAPEX

The NYMEX futures contracts are up today with the Summer 25 strip trading $2.27 US/mm  &  Winter 24/25 is trading $3.44 US/mm. Natural gas fundamentals are still bearish with demand down and storage inventories above the 5 year average so it is not a surprise that discussions about producers cutting CAPEX are appearing.  But remember

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

[4:15 PM] Kourosh Jam NYMEX Natural Gas Futures Contract  The NYMEX Summer 24 settled at $2.22 USD/mmBtu and the Winter 25 strip is at $3.36 USD/mmBtu. Market Fundamentals: Based on the forecast, March is going to continue warming up and demand will be dropping simultaneously. The demand doesn’t seem like it will be increasing anytime

Just like Friday, the Summer 24 and Winter 24/25 strips are basically unchanged. Natural Gas is churning about looking for direction, which is reinforced by the 6-10 and 8-14 day forecasts showing a more normal temperature trend relative to historic averages.

The NYMEX Summer 24 strip at $2.28 US/mmBtu and Winter 24-25 strip at $3.39 US/mmBtu are little changed from yesterday. The 6-10 day forecast is still predicting above average temperatures. Yesterdays 40Bcf draw from storage was half of last weeks 96Bcf draw, but it was inline with consensus. Have a great weekend.

Winter is basically over as March is still warming and heating demand is falling.  The US National Weather Service is calling for warmer than normal temperatures in the 6-10 day forecast but returning to more nominal temperatures in the middle of the US in the 8-14 day forecast.  Ontario looks to be still a bit