January 21st, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prices rebounded from Friday and settled up across the board. The prompt month February 2023 NYMEX contract settled +US$0.273/MMBtu at $3.447, and March 2023 to November 2024 settled +0.079 on average. The prompt month traded withing a relatively wide range again of $0.321 between $3.243 and $3.564. Market Fundamentals Weather …

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January 20th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prices continued to trade in the same range today with the prompt month February contract settling down US$0.027/MMBtu. Market Fundamentals Polar Vortex weather is expected for parts of Canada later this month forecasters noted earlier today. We will need a significant long standing cold weather to move this market off …

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January 19th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prices continued to trade in the same range today with the prompt month February contract settling down US$0.036/MMBtu. Contracts following settled up but under the $0.10 range (December 2023 settled up $0.06). Market Fundamentals The lack of weather and demand has resulted in another bearish U.S. EIA storage report for …

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January 12th, 2023 – Market Update

NYMEX Natural Gas Futures Contract The prompt month February NYMEX Futures contract traded over a wide US$0.339/MMBtu range today, hitting a high of $3.946 and a low of $3.607. The contract ultimately settled at $3.695 though, only up $0.024 from yesterday, Fundamentals Storage was released today and due to warm weather last week, an injection …

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January 10th, 2022 – Market Update

NYMEX Natural Gas Futures Contract – markets are off all day today erasing yesterdays gains. Fundamentals With warm temperature on the horizon prices will reamin in the 3.00 – 3.75 range. Accrording to one weather expert, we are bound to have winter in February to early March. Take care. RS

January 6th, 2022 – Market Update

NYMEX Natural Gas Futures Contract Up and down activity today with the prompt month February contract hitting a low of US$3.52/MMBtu before rebounding to settle $0.01/MMBtu down from yesterday at $3/MMBtu Fundamentals Previous concerns over the natural gas supply and demand balance continue to erode as warm weather paired with strong production forecasts erase a …

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