Natural Gas Market Updates

Energy markets moved lower today, with the 12-month NYMEX strip down roughly $0.06 USD/MMBtu. Gas weakness was tied to softer shoulder-season fundamentals, with a warmer Canadian forecast, firm storage injections, and residential/commercial demand expected to ease as temperatures moderate. Locally, Dawn still looks soft from a flow perspective: net Ontario imports fell 103 MMcf/d, Total…

It was a more active day for energy markets today. Natural gas moved lower, with NYMEX down $0.06 USD/MMBtu after the EIA printed a 103 Bcf storage build, right at the high end of the expected range and well above both last year and the five-year average for this week. Dawn also fell $0.09 CAD/GJ,…

WTI rose $3.13 to $92.80 USD/bbl today, while the 12-month NYMEX strip was up $0.02 USD/MMBtu and the 12-month Dawn strip was up $0.02 CAD/GJ. The oil move came despite news that the U.S. had indefinitely extended the ceasefire with Iran, as the market remained focused on how uncertain that truce still looks. Reports of…

Not much changed in in energy markets today. NYMEX is up $0.01 USD/MMBtu, Dawn is down $0.02 CAD/GJ, and WTI is up $0.86 USD/bbl to $90.47. Canadian gas production moved higher today, but softer Ontario balances and limited storage activity continued to weigh on Dawn. (JM)

Today was a rather slow and uneventful day for energy markets. NYMEX is up $0.01/MMBtu, Dawn is up $0.01/GJ, and WTI is up $3.46/bbl to $87.31. Crude is getting some support from renewed concerns around the Strait of Hormuz, where shipping disruption has returned after a brief reopening on Friday. On the long-term Canadian side…

There was a bit more going on in energy markets today, although crude was where the real move showed up. WTI fell $11.54 to $83.15 USD/BBL after Iran said the Strait of Hormuz would remain open to commercial shipping for the duration of the ceasefire, which took a large chunk of the supply disruption premium…

A slightly more eventful day for energy markets today. WTI is up $2.43 to $93.72 USD/bbl, NYMEX is up $0.03 USD/MMBtu, and Dawn is up $0.06 CAD/GJ. Dawn appears to be getting a bit of support from a tighter Ontario setup in the near term, with Canadian production still soft, net exports continuing to slide,…

Today was a quiet one for energy markets. The 12-month NYMEX strip was unchanged on the day, with Dawn also holding flat. WTI slipped just $0.18 to $91.10 USD/bbl, as the market saw little in the way of fresh headlines around the U.S.-Iran situation. Cash markets continue to look soft. Union DDI traded around $3.11…

WTI led the move lower today, falling $4.92 to $91.65 USD/bbl as optimism around renewed U.S.-Iran negotiations took some geopolitical premium out of the market. NYMEX dropped $0.05 USD/MMBtu, while Dawn eased about $0.02 CAD/GJ. Canadian production fell to a monthly low, led by Alberta, but that was outweighed by weaker shoulder-season demand, especially in…

After the headlines cleared, WTI settled up $0.15 to $98.02 USD/bbl. NYMEX’s 12-month strip slipped $0.02 USD/MMBtu, and Dawn fell $0.03 CAD/GJ. On the flow side, net Canadian exports dropped 571 MMcf/d to 4,959 MMcf/d as Ontario pulled more gas back across the Michigan border. St. Clair imports rebounded from last week’s weak levels, led…

It was a fairly tame Friday for Canadian gas, with warmer Ontario and Quebec weather softening the demand side and NEXUS maintenance still limiting some Ontario-area flows. NYMEX fell $0.02 USD/MMBtu and Dawn slipped $0.01 CAD/GJ, while WTI added $0.89 to $98.76 USD/bbl. Broader energy sentiment, though, remained tied to the U.S.-Iran conflict and the…

On a warm and sunny Thursday in Toronto, the gas market was quiet and there was not much Canadian news to push prices around. NYMEX slipped $0.02 USD/MMBtu and Dawn fell $0.02 CAD/GJ, while WTI moved higher by $4.58 to $98.99 USD/bbl as Middle East supply risk stayed in the market, with Hormuz disruption concerns…