Natural Gas Market Update

December 11, 2024 – Market Update

In yesterday’s update, we reported just one estimate for tomorrow’s EIA storage report for the week ending December 6th to be a withdrawal of -138 Bcf. However, there is actually a wide range of estimates this time around, ranging from the -120’s to -190’s. Earlier this week, the most conservative estimate was a withdrawal of

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December 4, 2024 – Market Update

Happy Wednesday. Another interesting day for the NYMEX January front month contract.  After hitting a high of $3.64 US/mm on Friday November 22nd, we traded down to $2.98 before bouncing up to $3.06.  Markets are looking ahead to the EIA storage report tomorrow, when expectations are for a -38bcf withdrawal for the week ending Nov

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November 29, 2024 – Market Update

NYMEX trading has resumed, pushing the January front month contract up 14 American cents, and mostly offsetting Wednesday’s sell off. Stay tuned though, because it being the Friday after Thanksgiving means that this may not be a reliable reflection of the market’s direction in the coming days, Monday’s activity will be a better indicator. As

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