March 27th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month April 2023 -US$0.128/MMBtu at $2.088 | Summer 2023 -$0.134 at $2.54 | Winter 2023 -$0.099 at $3.612. Market Fundamentals Natural gas prices fell again as weather once again turned warmer in comparison to Friday’s model run. Demand for early April is now expected to be limited. Overseas, strikers …

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March 24th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month April 23 +US$0.062/MMBtu at $2.216 | Summer 23 +$0.068 at $2.681, Winter 23 +$0.044 at $3.71. Market Fundamentals Markets traded within a tight range today average $0.10 across all contracts. Temperatures once again shifted colder in the 8 to 14 day period, but demand is still relatively unchanged …

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March 23rd, 2023 – Market Update

NYMEX Natural Gas Futures Contract April 2023 prompt month -US$0.017/MMBtu at $2.154| Summer 2023 -$0.01 at $2.61| Winter 2023 +$0.03 at $3.66. Market Fundamentals The market barely reacted to the – 72 BCF withdraw although well priced into the market prior to opening. Natural gas production strength remains the primary driver for the balance of …

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March 22nd, 2023 – Market Update

NYMEX Natural Gas Futures Contract April 2023 prompt month -US$0.177/MMBtu at $2.171| Summer 2023 -$0.160 at $2.625| Winter 2023 -$0.109 at $3.635. Market Fundamentals The market erased yesterdays gains in the early part of the summer months and little change in the winter months. This market is truly starting to bottom out for the April …

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March 21st, 2023 – Market Update

NYMEX Natural Gas Futures Contract April 2023 prompt month +US$0.125/MMBtu at $2.348 | Summer 2023 +$0.165 at $2.785 | Winter 2023 +$0.193 at $3.745. Market Fundamentals After trading to a low of $2.127 today, the April 2023 contract rebounded hard to settle up. The noon weather mode runs trended much colder for the end of …

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March 20th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month April 2023 -US$0.115/MMBtu to $2.223 | Summer 2023 -$0.097 to average $2.619 | Winter 2023 -$0.057 to $3.552. Market Fundamentals It’s the first day of Spring today as we look to welcome the spring equinox, and perhaps the natural gas market is feeling it to. Prices fell across …

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March 17th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Apr23 prompt month | Settle: US$2.338/MMBtu, -0.177 USD/Mmbtu from previous day | High: $2.53 | Low: $2.328 Summer 23 -0.165Winter 23 -0.12 USD/Mmbtu. Market Fundamentals Warm weather will be trending in the East of the Rockies keeping the colder weather in the West. Markets were soft all day as traders …

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March 16th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Apr23 prompt month | Settle: US$2.514/MMBtu, + .075 USD/Mmbtu from previous day | High: $2.55 | Low: $2.428 Summer 23 +.065, Winter 23 +.04 USD/Mmbtu Market Fundamentals Prices rallied all day today as we move into the last days of trading this month. Cool weather in the West continues to …

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March 15th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Apr23 prompt month | Settle: US$2.439/MMBtu, -$0.134 from previous day | High: $2.595 | Low: $2.384. Summer 23 -$0.156, Winter 23 -$0.153. Market Fundamentals Prices fell during trading hours today as yesterday’s warmer model run was confirmed again and prices abroad in Europe and Asia continue to fall. Once trading …

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March 14th, 2023 – Market Update

NYMEX Natural Gas Futures Contract Prompt month Apr23 -.033/MMBtu at $2.97 Summer 23 +$0.16 Winter 23 -$0.057 Market Fundamentals This market remains range bound with large swings offset by retracement back over the week. The winter months continue to remain strong at this point in time. Utilities are starting to work through remaining inventories over …

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