Natural Gas Market Updates

Temperatures keep warming up. NOAA’s temperature outlook is showing a high likelihood of above normal temperatures in late April, and lately the ECMEN forecast keeps turning warmer each day. The US is nearly at “perfect temperatures” where heating and cooling demand will be nearly zero. As such, be ready for Utilities to begin putting gas…

Another big sell-off in the NYMEX to start the week. The May front month contract fell 21 cents to settle at $3.03 US/mm. Temperatures over the weekend were in-line with the forecast, no surprises there. The rest of April is set to be either at or above the 10 year average, and the forecast is…

A little rally in the NYMEX to finish off the week. As of noon, the May front month is up 3 cents to $3.29 US/mm, and the rest of the summer is up about 5 cents. Although the storage report came in smaller than expected (an injection of +16 Bcf versus the anticipated +22 Bcf)…

According to the current forecasts, today is supposed to the be chilliest day of the rest of April. The rest of the month should jump up back to normal or above. NOAA’s 6-10 Day Outlook is showing a lot of orange and red. The big news today comes out of Alberta, where apparently an incident…

We made it halfway through April. NYMEX prices floated around today, at one point in the morning reaching $3.21 US/mm in the front month, a price last seen in early February. Last trade $3.32 US/mm. Maintenance season continues. Production is up since last week, but still isn’t back to full capacity. LNG feed gas demand,…

Welcome back! After the slight bump up on Friday, natural gas NYMEX futures inched higher this morning, then continued last week’s sell off. The May front month contract is down 20 cents to settle at $3.32 US/mm. On the weather front, Canadian temperature forecasts are a bit warmer than earlier predictions. Temperatures are currently normal…

Finally, a boring Friday to finish off a wild week. The NYMEX did move around, but by the end of the day the settle was only up a couple cents from yesterday, basically unchanged. The May Front Month Contract settled at $3.54 US/mm. The equities markets had some breathing room too, S&P 500 and Nasdaq…

And the NYMEX plunges right back down. It seems like yesterday’s rally may have just been a temporary pop in the markets, but one thing is clear: traders are anxious and very reactive. Like we’ve said before, it may take a while for the chaos to settle and to see the market’s true reaction, and…

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,…