Natural Gas Market Update

March 6, 2024 Market Update

NYMEX Natural Gas Futures Contract  Summer 24 trading is upon us. Summer 23 settled at $2.38 USD/Mmbtu, down $0.03 on the day of active trading. Winter is down as well, trading at 3.45 USD/Mmbtu on the day. Market Fundamentals: Summer and winter spreads are starting to narrow. It appears the market is trying to lift […]

March 6, 2024 Market Update Read More »

February 29, 2024 Market Update

NYMEX Natural Gas Futures Contract  With the rollover to March Settlement, we are not looking for Winter 24 futures anymore. Summer 24 settled at $ 2.349 USD/mmBtu which increased by $0.140 USD/mmBtu from Tuesday. Market Fundamentals: In terms of weather, their may be a cold snap coming up in March for a short period of

February 29, 2024 Market Update Read More »

February 28, 2024 Market Update

NYMEX Natural Gas Futures Contract  With the rollover to March Settlement, we are not looking for Winter 2024 futures anymore. We will only be looking for the Summer 2024 strip which is from April – October 2024.  Based on an external report, we are expecting Liquid Natural Gas (LNG) to grow by a large amount

February 28, 2024 Market Update Read More »

February 27, 2024 Market Update

NYMEX Natural Gas Futures Contract  With the rollover to March Settlement, we are not looking for Winter 24 futures anymore. Summer 24 settled at $2.209 USD/M which decreased by $0.027 USD/M from yesterday. Market Fundamentals: In terms of weather, we are looking at a cold snap coming up in March for a short period of

February 27, 2024 Market Update Read More »

February 26, 2024 Market Update

NYMEX Natural Gas Futures Contract  Winter 24, only the March contract now, settled at $1.623 USD/M which is an increase of $0.020 USD/M. Summer 24 settled at $2.236 USD/M which increased by $0.20 USD/M from last Friday. Market Fundamentals: Based on an external report, Henry Hub futures have dropped in price this week to a

February 26, 2024 Market Update Read More »

February 23, 2024 Market Update

NYMEX Natural Gas Futures Contract  Winter 24, only the March contract now, settled at $1.603USD/M and Summer 24 settled at $2.18 USD/M up from last week. Shifts in weather patterns continues to affect the summer pricing models. Domestic production remains stable as we move through the latter part of winter. The average temperatures remain relatively

February 23, 2024 Market Update Read More »

February 15, 2024 Market Update

NYMEX Natural Gas Futures Contract  Winter 24, only the March contract now, settled at $1.588 USD/M which is an decrease of $0.016 USD/M.  Summer 24 settled at $2.048 USD/M which decreased by $0.003 USD/M from yesterday. Canadian natural gas production has declined by 0.15 Bcf/d which results in production at 18.57 Bcf/d. In terms of

February 15, 2024 Market Update Read More »

February 14, 2024 Market Update

NYMEX Natural Gas Futures Contract  Winter 24, only the March contract now, settled at $1.604 USD/M which is an decrease of $0.07 USD/M.  Summer 24 settled at $2.045 USD/M which decreased by $0.062 USD/M from yesterday. Canadian natural gas production has increased by 0.39 Bcf/d which lifts production to 18.72 Bcf/d. In terms of domestic

February 14, 2024 Market Update Read More »

February 13, 2024 Market Update

NYMEX Natural Gas Futures Contract  Winter 24, only the March contract now, settled at $1.674 USD/M which is an decrease of $0.069 USD/M.  Summer 24 settled at $2.107 USD/M which decreased by $0.059 USD/M from yesterday. A weekly natural gas report came out mentioning that on January 16 when the temperatures were well below average,

February 13, 2024 Market Update Read More »

February 12, 2024 Market Update

NYMEX Natural Gas Futures Contract  Winter 24, only the March contract now, settled at $1.743 USD/M which is an decrease of $0.136 USD/M.  Summer 24 settled at $2.166 USD/M which decreased by $0.094 USD/M from last Thursday. A weekly natural gas report came out last week mentioning that above 130 billion cubic feet per day

February 12, 2024 Market Update Read More »

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