Natural Gas Market Updates

The market was off $0.07 USD/MMBtu this morning and then rallied back closer to the opening by the end of the day. Traders are watching the current hurricane moving across the Atlantic. Fortunately, this disturbance will be avoiding land fall. We are working into the end of the month when the market reacts to the…

Not much activity in NYMEX Gas Futures today, settle changes only being a fraction of a cent. The September front month contract settled at $2.75 US/mm. Cooler temperatures in the short term are still expected for a big portion of the US, so seems like the break in demand has been showing in NYMEX pricing…

Big sell off for NYMEX gas futures, the September front month contract settling down 12 cents to $2.76 US/mm. The overall story is that with storage being well-stocked in the US, and with production holding at 108.5 Bcf/d, even the record flows to LNG export plants isn’t enough to really shake the market. As a…

Finally, some cooler temperatures here in Toronto. It’s been a grueling past while of hot and muggy weather, but finally, a day under 25 degrees. In fact, temperatures are actually below average today, and are expected to pop back up above normal this weekend, but then dip down to about normal afterwards. Something we haven’t…

To sum up yesterdays close, we saw – interestingly enough – some bullish activity, but not to the point of a real market rally or anything of pressing note. Yesterday’s NYMEX front month of September futures closed at $2.828 US/MM, up exactly 2¢ from yesterdays close. In more interesting news, today is storage day! Reuter’s…

As we open today’s front month at $2.808 US/MM on the NYMEX, it’s clear the bears are still out, as we see the lowest close of 2025, with the last time prices dipping this low in November 14, 2024. We continue to see dramatic dips in the NYMEX, most likely due to a multitude of…

Today was an unexpectedly dramatic day for the NYMEX, as we continue to see the same Bearish activity, only 329.41% more extreme! The NYMEX opened at $2.954 US/MM, and closed at a staggering $2.808 US/MM, as we see the NYMEX drop by a margin of ~$0.146 US/MM. Production has been surging, as month-to-date, production averaged…

Hi all, it’s been a pretty interesting start to the week especially as this northeastern heatwave really kicks in, we are starting to see more bullish pricing from a more local perspective as this heat kicks up electricity demand for cooling, Dawn cash prices have begun to rally back up as expected – the only…

Finishing off the week with NYMEX futures coming down a few more cents later in the day. The September front month settled just below $3.00 US/mm. One more look at this weather pattern coming up in a few days. Prepare for some significant heat, Southern Ontario has been issued a heat warning with base temperatures…

The EIA reported today that as of August 1, 2025, only 7 Bcf total was added to the Lower 48 states’ storage, keeping inventories relatively flat this week. Interestingly, there were significant withdrawals in the South Central region of the USA, but unsurprising given the extreme weather and heat affecting the area as of late.…

Some volatility in NYMEX gas futures today, at one point trading up about 13 cents, but NYMEX ultimately decided to settle up only a few more cents since yesterday, the September front month ending the day at $3.08 US/mm. Not much new on the weather front, heat is still expected in mid August, including for…

Due to the civic holiday, there was no market update yesterday, however the NYMEX continues to drop, as we saw a staggering drop on Monday as we open the front month today at $2.932 US/MM. As of writing this, the market has rallied back over that $3.00 US/MM threshold, and ended the trading day at…