Natural Gas Market Updates

NYMEX futures prices were quite volatile today, down ten cents this morning then floating around zero, and ultimately prices settled only up a few cents. However, shortly after settling, trading picked back up and NYMEX rallied about 18 cents across the one-year curve for tomorrow’s trading day. Some headlines we are seeing include a record…

A quiet day overall, though Dawn stood out to the downside. As of 3:10 PM, WTI was up $1.76 to $95.26 USD/bbl, while NYMEX was little changed, up just $0.02 USD/MMBtu. Dawn, meanwhile, fell $0.35 CAD/GJ on the day. That weakness came despite a meaningful cold snap in Ontario, where temperatures are running roughly 7…

It was a quiet and uneventful day across energy markets. NYMEX slipped $0.10 USD/MMBtu on the day. Dawn also eased, down $0.06 CAD/GJ, as Ontario imports dropped sharply and PNW exports weakened further. LNG Canada rose 666 MMcf/d to 1.95 Bcf/d, while Canadian production moved the other way, falling 1.29 Bcf/d to 20.2 Bcf/d. That…

The shoveling seems to never end, and another eventful day for the energy markets. As of 2:30 PM, WTI is at $99.11 USD/bbl, up $3.38 USD/bbl from yesterday, while Brent is at $102.88 USD/bbl. Oil continues to move higher despite efforts to loosen supply, including temporary allowances for countries to purchase Russian crude already at…

A mild and uneventful day in Toronto, but a big one for crude. As of 3:15 pm, WTI is up $9.19/Bbl to $96.41/Bbl, driven by the new Iranian Supreme Leader Mojtaba Khamenei vowing to keep the Strait of Hormuz closed, alongside reports of fuel tankers being set ablaze in Iraqi waters. On the gas side,…

A rainy afternoon in Toronto today, and the gas market has a bit more life to it. NYMEX is up $0.155 USD/MMBtu, while WTI has climbed $3.94 USD/B from yesterday’s close to $87.39 USD/B. The main driver is a materially colder forecast, with the Euro ENS coming in about 11°F colder for Canada. Alberta is…

A warm sunny afternoon in Toronto, turning into a bit of sad grey day. On the natural gas front, the NYMEX 12-month forward curve is down 0.25 $USD/MMBtu. WTI has dropped from yesterday’s close of $94.77 to $84.45 as of 2:50 pm. A warmer forecast is also weighing on the market, with the average Lower…

As of settle, the NYMEX 12-month forward curve fell approximately $0.22 from yesterday, while WTI crude oil was down $3.90 to $87.00 as of 4:00 PM. NYMEX futures weakened as soft near-term weather demand, and a temporary drop (0.3 Bcf/d) in LNG feed gas from the Freeport outage. In Canada, net exports fell another 696…

As of 1pm EST, NYMEX gas futures have rallied by about 5.2%, a three-week high, most concentrated in April and May 2026 but there are still considerable gains next summer and winter too. The move comes as some cold is on the way in Mid-March, particularly in Western Canada according to the ECM Ensemble, but…

The EIA reported that for the week ending February 27, 2026, -132 Bcf was withdrawn from American storage facilities. Definitely an increase since last week’s report, and NYMEX trading did settle up about 12 cents across the one-year curve, but US storage reserves will likely be in a good place over the coming weeks (especially…

NYMEX gas futures sold off this morning, offsetting most of the gains seen over the past couple days. Looking ahead, a period of relatively warm temperatures across the US Northeast, Midwest, and eastern Canada is on the way next week, and demand is expected to drop, hopefully giving utilities the chance to boost injections into…

Enbridge recently updated their biweekly storage report for Dawn and Tecumseh. As of March 1st, the two storage pools totaled 84 PJs (or 76.3 Bcf), marking a net change of -9 PJs (or 8.2 Bcf) since mid-February, now about 26% full. Notably, this is 6.3% more inventory than this time last year, but -23.5% less…