Natural Gas Market Update
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November 11, 2024 – Market Update
Today is Remembrance Day. I hope you had the opportunity to take a moment today to reflect on the sacrifice of those who gave their last full measure of devotion…
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November 7, 2024 – Market Update
Today’s storage report came in to be an injection of +69 bcf into the lower 48’s storage for the last week of October. Estimates were for an injection in the…
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November 6, 2024 – Market Update
Donald Trump has won the American Presidential election. This change in administration will surely have economic impacts far and wide, undoubtably reaching the Canadian natural gas market. Again, keep an…
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November 5, 2024 – Market Update
It is election day in the United States. All eyes are on the election results and not the energy markets. It would be foolish to pretend otherwise. I offer three…
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November 4, 2024 – Market Update
Happy Monday Welcome back to another week. The NYMEX December front month contract began trading last night at 6pm by opening at $2.56 USD/mm, down 9 cents, but don’t forget…
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November 1, 2024 – Market Update
Hello November! I hope your Halloween was fun. It was a relatively quiet Friday as the NYMEX December front month contract traded down -1.15% to a close of $2.676 USD/mm.…
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October 31, 2024 – Market Update
Happy Halloween! The EIA reported +78 bcf injection for the week ending Oct 25th. Leading up to the release of the storage report, I was seeing quite a spread in…
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October 30, 2024 – Market Update
Quiet day today. As of noon, the market just traded about a little, but stayed basically unchanged. Traders are balanced for the end of the month and they won’t want…
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October 29, 2024 – Market Update
Quiet day as the market catches its breath after yesterday’s big move. The NYMEX December front month contract traded briefly below yesterday’s low but bounced up a few cents to…
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October 28, 2024 – Market Update
Happy Monday Well, that was quite the day. Last week was all about the rally but today was the counterpoint. The NYMEX December front month contract sold off 24 cents…
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October 25, 2024 – Market Update
Happy Friday After the big rally yesterday, the market is taking a breather. It is slightly down on the day in quiet trading. The November contract will expire next week…
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October 24, 2024 – Market Update
Happy Storage Day Today was interesting. The EIA reported an injection of +80bcf for the week ending Oct 18th, which was quite a bit more than the expected build of…