Natural Gas Market Updates

Happy storage day! For the week ending May 16, 2025, the EIA reported an injection of 120 Bcf into the lower 48’s storage, pushing inventories up to 2,375 Bcf, the 5-year average being 2,285 Bcf. This was about in-line with estimates, yet it’s still quite a large injection. It demonstrates the push to be prepared…

Cold and dreary day here in the city… after bouncing around and threatening to even higher, the NYMEX ultimately settled about 6 cents down in the front month. Prices for later months are all nearly unchanged. Production in the lower 48 states continues to fluctuate slightly day to day, but overall remains quite strong in…

Welcome back. As usual, NYMEX gas prices are all over the place. Yesterday, a trading day for Americans, the NYMEX was down considerably, down about 24 cents in the front month. This morning, the market popped up and then some, the front month increased 31 cents to close at $3.39 US/mm. The general story is…

Another beautiful, warm day… with not much to report. The EIA’s storage report came in as an injection of +110 Bcf for the week ending May 9. Another solid build, still keeping inventories in line with the 5-year average. Temperatures in Ontario are currently above normal, but will likely dip colder throughout next week, but…

The natural gas markets were softer than normal today; retracing the gains over the past two days down $0.15 USD/Mmbtu off the open. Utilities continue to be the main buyers of short term cash gas and injecting into storage for the upcoming winter. Trading volume was relatively lighter than normal for the balance of the…

Welcome back to another hum drum Tuesday in the natural gas markets. The day started out stronger than normal based on the speculation of warmer temperatures in the mid west. Although as the day progressed we end the day within – 0.1 % lower than the open earlier today. Production remains steady within the average…

Welcome back. Not much has changed in the natural gas world over the weekend. It’ll likely be pretty warm in Ontario this week, residential and commercial demand is unsurprisingly low, LNG flow is back up after Freeport is back online, and production in the US continues to hold its 103.6 Bcf/d level. Perhaps the biggest…

A busier day to end the week, and looks like it wasn’t just us; the NYMEX rallied 20 cents in the front month, June settling at $3.795 US/mm. A pretty aggressive rally considering the low demand, mild temperatures, and ample amount of gas in storage, but so it goes. Even Dawn has reported that there’s…

Happy Storage Day The EIA’s storage report for the week ending May 2, 2025 came in as an injection of +104 Bcf into the lower 48’s storage, slightly above the expected +99 Bcf. At this point, it’s safe to say that injection season is here. Storage levels are still riding the 5-year average (currently there…

A couple pieces of supply-related news today. First, the Albertan NOVA pipeline system has restricted delivery to the Northwest for export. The restriction is expected to last for about a week, starting today. The excess gas on the market will probably be bearish for AECO spot prices. Second, Freeport LNG experienced a power outage yesterday…

A very warm afternoon here in Toronto. Looks like Freeport LNG experienced a power outage this morning. Volumes flowing to Freeport sharply reduced today (just over 4,000 Mcf were flowing as of noon, well below the >1,400,000 Mcf which flows during normal operations), and no volume is expected to flow tomorrow. As a result, that…

Welcome back for another week. NYMEX prices drifted up and down today, but ultimately settled a few cents down. Heating demand has really come off, to the point now where heating and cooling degree days are nearly balanced in the US. Some nice and toasty temperatures coming up! Canadian production has recovered from last week’s…