Natural Gas Market Updates

On a nice sunny Wednesday in Toronto, headlines this morning claim that the US and Iran reached a two-week ceasefire while negotiations continue, and markets reacted. NYMEX slipped $0.115 USD/MMBtu and Dawn fell $0.139 CAD/GJ, while WTI was hit much harder, down $17.73 to $95.52 USD/bbl as crude gave back a chunk of its geopolitical…

A sunny Tuesday in Toronto, and the energy market stayed soft. The 12-month NYMEX strip rose $0.05 USD/MMBtu, Dawn added $0.07 CAD/GJ, and WTI was up $0.67/bbl to $113.08. In Ontario, net imports fell another 710 MMcf/d to 1,309 MMcf/d as St. Clair and NEXUS remained pressured by maintenance, while Trans Canada Pipeline kept delivering…

Grey skies in Toronto, but not much movement in gas. The 12-month NYMEX and Dawn curves were both essentially flat, while WTI continued higher, up $0.94 USD/bbl to $112.48. Ontario flows improved a bit on the day, but that did not change the local read, as Dawn remained soft with refill continuing to build. Trans…

With rain in Toronto and markets still feeling heavy, the bigger story today was the split between oil and gas. WTI surged $11.23 USD/bbl to $111.35 as Trump’s latest remarks on Iran offered no real path toward de-escalation, keeping the geopolitical premium firmly in crude, while gas was much quieter, with the 12-month NYMEX strip…

Kicking off the new month on a weaker note, energy markets softened on the day, with the 12-month NYMEX strip down $0.07 USD/MMBtu, the 12-month Dawn strip down $0.09 CAD/GJ, and WTI down $1.33 USD/bbl to $100.05. Ontario was the main story, as net imports fell sharply by 863 MMcf/d to 2,875 MMcf/d, driven by…

It’s been a mix of sunshine and rain today in Toronto. Energy markets were weaker on the day, with the 12-month NYMEX strip down $0.09 USD/MMBtu, the 12-month Dawn strip down $0.10 CAD/GJ, and WTI falling $0.78 USD/bbl to $102.10. It was otherwise a relatively quiet day in Ontario, as net Ontario imports eased modestly…

A beautiful sunny Monday out in Toronto. Over the 12-month strip, NYMEX was down $0.10 USD/MMBtu on the day, while the 12-month Dawn strip fell $0.05 CAD/GJ. WTI moved higher, rising $4.33 USD/bbl to $103.97. In Ontario, imports strengthened on Midwest demand, though the broader shoulder season transition remains intact as warmer weather and improving…

It’s a sunny Friday afternoon here in Toronto, and the market is relatively quiet on gas but much stronger on oil. NYMEX was up just $0.01 USD/MMBtu on the day, while Dawn gained $0.12 CAD/GJ. WTI was the larger mover, rising $4.41 to $98.89 USD/b as of 2:00 pm. In Ontario, net imports fell to…

Energy markets were a bit firmer today, with the Dawn forward strip up about $0.03 CAD/GJ, NYMEX up roughly $0.02 USD/MMBtu, and WTI up $4.09 to $94.41 USD/bbl. Ontario fundamentals were steady overall, with St. Clair continuing to support supply as the market gets closer to the NEXUS Colerain zero-capacity event. In the U.S., the…

A rather uneventful day for the market with no change to NYMEX 12-monthh futures contracts, Dawn moving up $0.01 CAD/GJ, and WTI down $1.26 USD/b to $91.09 USD/b. April is shaping up to be a serious constraint month for Appalachian supply into Dawn. NEXUS, Rover, and REX all face maintenance, and the timing stacks on…

A mild afternoon in Toronto and a quiet day for natural gas, while oil moved higher. The NYMEX 12-month strip was unchanged, Dawn slipped $0.01 CAD/GJ, and WTI rose $3.39 USD/b to $91.46 USD/b. The focus in gas continues to be maintenance risk rather than outright price action. In Western Canada, the market is watching…

A sunny day in Toronto and a rather weak day for energy markets. The NYMEX 12-month forward curve fell $0.165 USD/MMBtu, Dawn 12-month forward curve dropped $0.20 CAD/GJ. A big part of the pressure on gas looks to be weather-driven, with forecasts shifting sharply warmer across Canada and the U.S. Midwest/Northeast. In Ontario, early April…