Natural Gas Market Updates

Some extreme volatility in natural gas today. NYMEX futures were down as low as $3.33 US/mm in the morning, but in the afternoon, prices rallied considerably. The May front month contract settled at $3.74, up about 8% from yesterday’s settle. Then, once the price settled for the day, prices immediately started to fall again. It…

Today marks the third consecutive day of downward movement in the NYMEX. The May front month settled at $3.49 US/mm (on some decent volume too). This is an eight-week low. Analysts agree that the decrease is partly due to heating demand falling off in the near-term, but mostly due to anxiety surrounding Trump’s tariffs with…

Friday’s big sell continued in the NYMEX today. After prices briefly floated up a few cents this morning, the May front month contract eventually settled at $3.65 US/mm, 18 cents down. There were bigger settle changes in later months, like June (down 20 cents), July (down 22) and August (down 22). The fundamentals suggest that…

Today’s the day that buyers have been looking forward to: a big sell-off in the NYMEX. The May front month opened at $4.11 US/mm, and plummeted to $3.88, where it found some buyers and kept the price steady. That’s a change of -6%, or about 25 cents. It’s a crazy day for other markets too,…

The storage report for the week ending March 28, 2025 was an injection of +29 Bcf in the lower 48. This was slightly more than expected, which should have a bearish impact, but clearly not today; the NYMEX May front month contract rallied 10 cents to close at $4.11 US/mm today. In addition to scheduled…

The Canadian weather forecast shifted today, temperatures dipped a bit lower next week, but the rest April should stay close to normal. It’s a similar pattern in the lower-48’s forecast, temperatures are still set to mostly hover around normal besides the cold next week. Today we saw some snow and freezing rain in Toronto. The…

The NYMEX Front Month contract sold off 17 cents today, closing at $3.96 US/mm. Besides an updated temperature outlook, there hasn’t been a significant change in the fundamentals. Ongoing scheduled maintenance is causing a slight dip in production levels and LNG feed gas demand remains strong, but heating demand is falling off as temperatures still…

Welcome back to another week. As we say goodbye to March, there’s been a shift in the weather outlook. The Eastern US has turned from normal to likely below normal in mid-April. Since the East is more reliant on natural gas for heating, expect heating demand to not disappear just yet. That being said, early…

The EIA’s storage report for the week ending March 21st came out to be a injection of 37 Bcf in the lower 48, much larger than expected. Although gas prices did initially drop when the report was released, prices rallied later in the afternoon. Keep in mind that today is the last day of trading…

Yet another quiet day. Again, little change in the NYMEX natural gas futures prices, only drifting down a few cents. The April front month contract closed at $3.86 US/mm, and expires tomorrow. Today is the last day of options trading. Also little change on the weather front, April temperatures are still expected to be near…

Another uninteresting day. NYMEX futures slowly drifted off during the day, but like yesterday, nothing crazy. The April futures contract expires on Thursday, so May will soon be the front month. The contract was down 7 cents today to $3.88 US/mm. The sell-off is consistent with the warm 8-14 day forecast. NOAA’s updated Seasonal Temperature…