Natural Gas Market Updates

A turbulent end to the trading week saw the NYMEX dip as low as $2.90 USD/MMBtu and then rebound back to $3.00 USD/MMBTU, before finally settling at $2.94 USD/MMBtu. In total, the NYMEX fell $0.12 USD/MMBTU or 4% this week. Another thing to note is that Nymex-Dawn Oct 25 basis tightened $0.10 USD/MMBtu this week,…

The downward market movement experienced yesterday continued today, as the NYMEX fell $0.10 USD/MMBtu (3.3% decrease) to settle at $2.92 USD/MMBtu, the lowest level in two weeks. This movement came despite improved fundamentals with demand forecasts and the recent drop in production.  The EIA storage release showed a 71 bcf injection last week to put…

Traders exited long positions as the NYMEX fell $0.09 USD/MMBtu (3% decrease) to reach a one week low and settle at $3.03 USD/MMBtu. Market fundamentals remained unchanged from previous days with slightly lower production, milder temperature and decreased US LNG flows.   In geopolitical news, Poland shot down suspected Russian drones flying over its airspace.…

The NYMEX experienced another turbulent day, with the market reaching as high as $3.16 USD/MMBtu in the early morning before reversing to as low as $3.05 USD/MMBtu around noon, eventually settling at $3.12 USD/MMBtu. Reduced US production remained the driving factor for the market rise. Throughout the summer production has been at record levels helping…

In an elastic trading session, the market stretched out in the morning and then rebounded in the afternoon, to settle at $3.10 US/MMBtu (only a $0.03 increase). The upward movement was driven by reduced production output in South and Northeastern states along with increased flows to US LNG facilities. Cooler forecasts reduced demand forecasts, causing…

As the week rolls to a close, we saw a decreased volume in trading today. Despite this, traders did push the NYMEX front month to a four-week high of $3.13 US/MMBtu, but resistance from bears and negative labor data caused the front month to slip to $3.05 US/MMBtu. This marks the end of a week…

Traders started the day off strong with the NYMEX front month rallying $0.10 USD/MMBtu in the early morning. As the day progressed, price dropped slightly, settling at $3.06 US/MMBtu, a $0.06 USD/MMBtu increase over yesterday’s front month. This price increase was driven in part by the most recent forecasts indicating cooler temperaturesin mid-September with the…

Welcome back to the first day of school! Historically one of the lowest days of the year to buy next year’s gas supply. The market did not seem to agree with our sentiment with the NYMEX decreasing 0.06 USD/MMBtu for the twelve month strip. We expect an increase in temperatures for the upcoming week, followed…

Markets are more moderate today, although continue to rise due to the significant cooling demand in most of the populated parts of North America. At the start of the week Nymex was at the low of $2.62 USD/Mmbtu in comparison to yesterday when the September contract rolled off the board the October contract settled at…

Markets were off to the races this morning up $0.10 in the prompt month Nymex is trading the October 25 contract. Colder than normal temperatures are across most of the east drawing close to about 50% of production to meet short term heating load. It is unreal we are writing about cold weather in late…

Natural Gas markets were up considerably for the last day of trading the future month of September 25. The market was range bound all day between $2.68 to $2.90 USD/Mmbtu settling at $2.87. The fundamentals are relatively the same moving into the fall weather as temperatures start to cool as we round out the end…