August 26th, 2022 – Market Update

After climbing to a high of US$9.668/MMBtu, prices settled down $0.079 from yesterday at $9.296. The same pattern extended out to March 2023, with month beyond that settling slightly higher instead. As per usual, the contract will look to settle next Monday, August 29th, 2022, so some end of month intraday volatility can be expected. …

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August 25th, 2022 – Market Update

Welcome back to a relatively quiet day in natural gas today. The September prompt month NYMEX futures contract traded between US$9.175/MMBtu and $9.419 today, settling out the day +$0.045 at $9.375. As we mentioned yesterday, today was the release of the weekly Lower-48 storage balance report from the U.S. Energy Information Administration (EIA). The industry …

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August 24th, 2022 – Market Update

Prices continued to traded within a tight range today between a low of US$9.10/MMBtu and a high of $9.455. The day ultimately settled up $0.137 from yesterday at $9.33, but at the time writing, the September prompt month contract returned to $9.21. No new developments since yesterday, so the potential for a hurricane, warmer weather …

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August 23rd, 2022 – Market Update

Welcome back everyone, today was a pretty exciting day in natural gas. After surpassing US$10/MMBtu today ($10.028) early this morning, the September contract settled $0.487 down from yesterday at $9.193. The catalyst for the reversal? Freeport LNG once again. After previously confirming an October return to service date, the facility released a statement with a …

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August 19th, 2022 – Market Update

Natural Gas markets rebounded today up 6.3% mostly through the winter months and 4% for teh balance of the term. Trading volume was moderate throughout the day which demonstrates market sentiment. These types of upward momentum appears to be cyclical with the intent to ever so slowly move this market up. Market fundamentals remain the …

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August 17th, 2022 – Market Update

The markets are taking a pause today as we await tomorrow EIA storage report. Some minor movement although realtively flat throughout the day. Once we are well into November will we be able to assess how the supply will affect the price and subsequent demand. Another hot day in the city. (RS)

August 16th, 2022 – Market Update

The markets must be having a catch up day rising on average $0.51USD/Mmbtu through the curve to October 2023. The main reasons are early indications of a colder than normal winter across North America. With the lack of storage inventory combined with increased international demand the markets are reacting accordingly. In one of our previous …

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August 15th, 2022 – Market Update

Not much action over the weekend. Markets were choppy all day finishing within the opening range. Weather and storage remain the trends to observe over the next two weeks prior to the close of the September 2022 contract. Enjoy the sun! (RS)

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