Natural Gas Market Updates

Today is storage day, and amidst the market bearishness we are keen to see if this coincides with the slow tapering off in storage and if the surplus has contributed to this market sentiment. The EIA reported an injection of +48 Bcf. As of July 30, there is 3,123 Bcf of gas in the lower…

As we roll over to a new NYMEX front month, we open with a September Future contract price of $3.142 US/MM. One thing to note when watching the NYMEX price for is the general volatility of the market, as the market sentiment as of now leads more towards bearishness in the interim but overall a…

As we roll into the last day of trading for August NYMEX futures, the price did end up dropping all the way into $2.00 US/MM territory, and started the day off at $2.988 US/MM. This means we saw an overall drop by a margin greater than $0.10, which reflects the market’s bearish sentiment and coincides…

NYMEX’s front month of August started off today at last week’s settlement of $3.110 US/mm, and kept dropping – and is $3.009 US/mm at the time of writing, nearing the $2.00 US/mm territory. The overall market sentiment remains bearish as we near the last day of trading for August tomorrow. This is in stark contrast…

Finishing the week with a pretty uneventful Friday. NYMEX futures for the next few months remained flat, but came down a few more cents for months further out. Last day of futures trading is July 25th. The first week of August could be cooler than normal for the northeastern US, hopefully offering a break to…

The EIA reported an injection of +23 Bcf into the lower 48’s storage for the week ending July 18. The estimated +33 Bcf was not very high already, but such a small injection makes inventories look basically flat this week. Total inventories are now 3,075 Bcf, still well above the 5-year average of 2,904 Bcf.…

The bears are out of their den: NYMEX dipped 17 more cents in the front month, the August 2025 contract settling at $3.08 US/mm. Cash prices are dropping as well. As US production stays on track to beat another monthly-output record, their LNG feed gas flows still lag somewhat. High at 15.7 Bcf/d, but not…

An interesting weather pattern is shaping up for the North Eastern US. Temperatures are looking hot especially for those living in the South and Midwest for the last few days of July, but the North East, including Ontario will likely catch a break soon after. In the near-term, temperatures in Toronto are currently quite cool…

After last week’s consistent rally, markets plummeted today. NYMEX futures settled down over 20 cents for months the rest of this year, the front month settling at $3.32 US/mm, down 24 cents. The last day of futures trading is July 29, 2025, so this week traders will begin to roll over their positions or clear…

To finish off the week, NYMEX sold off a few cents especially for months further out, not much as much activity in the front month, which settled at $3.54 US/mm. At one point prices dipped a lot further, but ultimately settled where they did. Canadian temperatures are currently quite mild, unusually below average. They are…

Today is storage day, so the EIA reported an injection of +46 Bcf. As of July 17, there is 3,052 Bcf of gas in the lower 48’s storage, which is up 6.2% from the 5-year average of 2,874 Bcf, but down from last year’s historic season by a margin of 4.9%. Storage remains ahead of…

AECO has had some pretty cheap prices lately, not only due to the abundance of supply, but due to situations like wildfires and operational constraints with pipelines out west causing gas to back up in the area, or speculators anticipating these events. The situation is not over quite yet, just today there was news that…