Natural Gas Market Update

January 29 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.283 USD/M which is an decrease of $0.099 USD/M. Summer 24 settled at $2.446 USD/M which decrease by $0.061 USD/M from Friday. Market Fundamentals: Canadian gas production volume rose on Thursday & Friday by 0.57 Bcf/d to 18.48 Bcf/d entering the weekend. Domestic exports to […]

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January 25 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.382 USD/M which is an decrease of $0.097 USD/M. Summer 24 settled at $2.507 USD/M which decrease by $0.089 USD/M from yesterday. Market Fundamentals: Canadian gas production was stable this week at a rate of 18.1 Bcf/d after bouncing back during the week. Canadian gas

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January 24 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.479 USD/M which is an increase of $0.15 USD/M. Summer 24 settled at $2.596 USD/M which increased by $0.075 USD/M from yesterday. Market Fundamentals: Canadian gas production was steady near 18 Bcf/d with the Monday nominations, while the gas exports to the United States declined

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January 23 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.329USD/M which is an increase of $0.053 USD/M. Summer 24 settled at $2.521 USD/M which increased by $0.067 USD/M from yesterday. Market Fundamentals: Canadian gas production increased higher again with this weekend nominations as Sunday’s flows gained +0.27 Bcf/d leading to a production of 18.09

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January 22 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.276USD/M which is an decrease of $0.279 USD/M. Summer 24 settled at $2.454 USD/M which increased by $0.216 USD/M from Thursday. Market Fundamentals: Canadian gas exports to the United States hit a Winter 2023/24 peak of nearly 9 Bcf/d last week and it is still

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January 18 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.555 USD/M which is an decrease of $0.01 USD/M. Summer 24 settled at $2.67 USD/M which increased by $0.02 USD/M from yesterday. Market Fundamentals: Canadian gas exports from Alberta to Eastern Canada are flowing once again; California supply is still restricted as of the time

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January 17 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.677 USD/M which is an decrease of $0.163 USD/M. Summer 24 settled at $2.712 USD/M which increased by $0.042 USD/M from yesterday. Market Fundamentals: Canadian gas exports to the United States hit a Winter 2023/24 peak of 8.93 Bcf/d yesterday before dropping to 8.64 Bcf/d

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January 16 – 24 Market Update

NYMEX Natural Gas Futures Contract– Feb 24 Contract traded lower today closing down $0.08 USD/Mmbtu to $2.84 USD/Mmbtu. Summer months were off $0.08 closing at $2.67 for the day. Market Fundamentals: The 10 -14 day weather outlook notes above average temperatures next week, causing the markets to soften today. Freeze offs did curtail production by

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January 15 – 24 Market Update

NYMEX Natural Gas Futures Contract– No trading today. Market Fundamentals: Cold weather is dominating this market. Cash prices are increasing as producers are experiencing well freeze offs resulting in less gas supply during the current cold snap. Cash prices will more and likely remain strong during this period. (RS)

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January 11 – 24 Market Update

NYMEX Natural Gas Futures Contract  Winter 24 contract settled at $2.812 USD/M which is an increase of $0.013 USD/M. Summer 24 settled at $2.754 USD/M which decreased by $0.023 USD/M from yesterday. Market Fundamentals: Domestic gas production dropped 0.14 Bcf/d bringing volumes down to 18.28 Bcf/d as of today. Canadian exports to the US remained

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