Natural Gas Market Update

Summer 2024 Strip is trading $2.31 US/mm on NYMEX and the Winter 24-25 Strip is trading $3.39, with is basically flat for the last week. NOAA Forecast indicated that temperatures will be above seasonal averages for the near future. At this time of year in Ontario, that would mean a reduced the demand for Natural […]

Quiet day on NYMEX with natural gas basically unchanged. Summer Strip is at $2.31 US/mm and the Winter Strip is at $3.39 US/mm. Have a great weekend [WFG]

NYMEX Natural Gas Futures Contract: The summer strip is trading $2.312 US/mm and winter 24/25 strip is $3.392 US/mm.  Market Fundamentals: In Waha Hub which is located in West Texas, for the past 2 weeks we have seen natural gas prices below zero. Waha prices have been below $0.50/MMBtu since February but things will pick

NYMEX Natural Gas Futures Contract: The summer strip is trading $2.312 US/mm and winter 24/25 strip is $3.392 US/mm.  Market Fundamentals: Natural gas production has declined by 0.2 Bcf/d with volumes averaging around 18.1 Bcf/d in Canada. In terms of Canadian exports to the US, there was an increase of 0.38 Bcf/d which increased exports

NYMEX Natural Gas Futures Contract: The summer strip is trading $2.33 US/mm and winter 24/25 strip is $3.41 US/mm.  Market Fundamentals: Natural gas production has declined by 0.1 Bcf/d with volumes averaging around 18.3 Bcf/d in Canada. In terms of Canadian exports to the US, there was an decrease of 0.31 Bcf/d which dropped exports

NYMEX Natural Gas Futures Contract: The summer strip is trading $2.33 US/mm and winter 24/25 strip is $3.43 US/mm.  Market Fundamentals: In Waha Hub which is located in West Texas, for the past 2 weeks we have seen natural gas prices below zero. Therefore, producers in Texas are paying to supply their gas. There isn’t

Happy Long Weekend The long weekend and the end of month means that most traders have closed their books for March and don’t want to trade. Therefore, markets are a bit thin and sensitive to any news. EIA storage report came out today 36bcf withdrawal, larger than the expected 28 withdrawal. NYMEX rallied on the

NYMEX Natural Gas Futures Contract: The summer strip is trading $2.26 US/mm and winter 24/25 strip is $3.34 US/mm. (With April expiry this week, the rest of summer strip is trading $2.21 US/mm) Market Fundamentals: Natural gas production has declined by 0.19 Bcf/d with volumes averaging around 18.11 Bcf/d in Canada. In terms of Canadian

NYMEX Natural Gas Futures Contract  The NYMEX Summer 24 settled at $2.16 USD/mmBtu and the Winter 25 strip is at $3.36 USD/mmBtu. Market Fundamentals: Natural gas production has been steady domestically with volumes averaging around 18.3 Bcf/d. In terms of Canadian exports to the US, there was a decrease this morning with a drop of

Happy Monday. This early morning began with the front month (May) trading down to $1.76 US/mm (March 14 low) from the 1.80’s last week and then bounced right back up by 11 am. Currently around $1.795 US/mm level. The summer strip is trading $2.16 US/mm and winter 24/25 strip is $3.34. US/mm. (With April expiry