Natural Gas Market Update

To everyone closely following gas markets, congratulations on simply getting through this week. In times like these, it’s important to remember that the fundamentals can shift, but the financials often…

Even more volatile NYMEX gas trading today. The February 2026 contract ultimately settled up a relatively modest 17 cents to $5.045 US/mm, but traded as high as $5.65 US/mm and…

Another day of huge gains for NYMEX future pricing, again concentrated in the February 2026 front month contract. February settled up another 97 cents to $4.875 US/mm, and the following…

Gains were to be expected after news of the polar vortex’s arrival in late January, but the actual magnitude was quite shocking. NYMEX natural gas rallied a whopping dollar in…

NYMEX trading is considerably limited today since it’s a federal holiday in the USA (Martin Luther King Day). In our local market though, Dawn spot gas prices rose some over…

Another quiet day to close out the week without change much to report. Temperatures are forecasted to dip below normal in the lower 48 states this weekend before bouncing back…

Quieter day for natural gas… NYMEX future prices this morning were down by about 2% over the next few months (but February 2026 being unchanged), but even after today’s storage…

Yet another day of NYMEX futures tanking… the forward curve settled down another 14 cents US/mm, essentially erasing yesterday’s gains. Last trade for February 2026 is $4 US/mm flat. Mid-January…

Markets were off from yesterday’s highs as traders started taking profits from the latest rally. Temperatures continue colder today, with the lower 48 temperatures falling – 16 Deg F, with…

A rally to begin the week, seems like NYMEX is correcting itself after Friday’s big sell-off, even in the face of meteorologists predicting an impending cold snap. February 2026 settled…

Another big sell off to close out the week. NYMEX futures prices dropped another -4.3% on average across the curve, marking an 11-week low. Although there is still cooling on…

The EIA reported today that for the week ending January 2, 2026, the lower 48 states pulled about -119 Bcf of gas out of underground storage reserves, only a few…