Natural Gas Market Updates

Happy storage day! The EIA reported an injection of +53 Bcf, which is exactly the 5-year average for this time of year. Safe to say the breakneck pace of early injection season is done for now. As of July 10, there is 3,006 Bcf of gas in the lower 48’s storage, which is up 6.1%…

NYMEX futures continued to fall today, down another 12 cents in the August front month, which settled at $3.21 US/mm. Meanwhile, some heat is expected in the North Eastern US over next week. Expectations for tomorrow’s storage report is for an injection of about 58 Bcf, up from last week’s report of 55 Bcf. Despite…

NYMEX gas futures sold off this afternoon, the August front month settling at $3.34 US/mm, 7 cents less than yesterday’s settlement. The overall story in the US seems to be that while temperatures are expected to remain warmer than normal, storage is filling up at a comfortable rate and that month production numbers increased to…

We feel the heat! Temperatures in Toronto feel as high as 32 degrees Celsius today, just as we come finish up a weekend spike above normal temperatures according to the ECMEN weather model. Currently, temperatures are expected to remain above the 10-year normal through until the 20th, and NOAA’s model agrees. NYMEX futures were down…

Happy storage day! The EIA reported an injection of +55 Bcf for last week, putting the lower 48’s inventory at 2,953 Bcf, lower than last years total at this time by a margin of 5.6% but still 6.2% greater than the 5-year average. Storage says slightly ahead of average, but not by an astounding gap.  …

A pretty steady day for the NYMEX, futures gained a few cents, not a big move compared to the volatility as of late. The August front month contract settled at $3.488 US/mm. Not much in the fundamentals to report either. Temperatures are still about normal in the US and Canada, production in the US holds…

Welcome back. NYMEX gas futures came down over 30 cents for the rest of 2025’s contracts, overall offsetting Friday’s rally. This is a period where temperatures are warm and air conditioners are running, but at least in Ontario for now, temperatures are about normal. Peak cooling demand would be most likely to come in July…

And a NYMEX rally to finish off the week, gas futures gaining about between 15 and 20 cents as far out as this winter. The July contract has expired, so August is the new front month. August settled at $3.74 US/mm. Most of this activity is probably futures trading moving the market around, but there…

Happy storage day! The EIA reported that for the week ending June 20, 2025, 96 Bcf of gas was put into underground storage. Still just shy of the 100 Bcf mark, but well above the initial prediction of +88 Bcf. Storage inventories are now at 2,898 Bcf, the 5-year average being 3,094 Bcf. The next…

The market continues to catch a break, the NYMEX settling down a few cents since yesterday. The July front month contract finished the day at $3.40 US/mm. With the July contract’s last day of trading coming up, looks like this will be about where the contract settles. The blast of heat along Eastern Canada and…

Today feels as though it is hotter than hot in the city. We are breaking heat records across the Eastern seaboard with temperatures well above normal. The cash markets continue to react to the heat, as gas demand for electricity is at an all time high for the month. On the other hand forward natural…

The heat is back this week with record hot temperatures. The dawn cash prices are up 30% as demand for spot natural gas is becoming a premium for power generation in the North East US and Canada. Storage injections are slightly above the five year average and below last years levels at this time. We…