Natural Gas Market Updates

In a low volatility trading session, gas markets remained largely unchanged from yesterday. The October NYMEX contract settled at $2.86 USD/MMBTU, only a $0.01 USD/MMBTU increase from yesterday. Traders await tomorrow’s EIA storage numbers before deciding the final resting point for the October contract.   New weather forecasts showed a slightly more bearish gas demand…

The NYMEX front month was up $0.02 USD/MMBtu or 0.5%, to settle at $2.85 USD/MMBtu, marking the first time in five sessions that the market rose. Reminder, on Friday, the NYMEX front month will roll over from October to November. We are already seeing a significant increase in trading of the November contract, with 133,000…

It may be a new week, but the downward trend for gas prices continues. The NYMEX front month settled at $2.81 USD/MMBtu, a $0.08 USD/MMBtu or 2.8% drop from Friday’s settlement. The weather continues to disappoint with no significant heating demand in the two-week forecast. Production remains slightly down from the record volumes of August,…

As the week comes to a close, the NYMEX front month continued its fall, dropping to $2.89 USD/MMBtu. This marked the end of a highly elastic week where prices soared to as high as $3.10 on Wednesday before snapping back to today’s low, ending $0.07 USD/MMBtu below last week’s final settle.   Concern over running…

Storage day is upon us, and as a result, the market was shocked back to reality. NYMEX futures for Oct-25 plummeted $0.16 USD/MMBtu or 5% to settle at $2.93 USD/MMBtu. EIA gas injections in the lower 48 totaled 90 bcf last week, resulting in the heaviest weekly injection since June. US gas storage now stands…

In the early hours of trading, the market appeared to be continuing its two-day rally, but by the afternoon, most of those gains had dissipated. As of 3 PM (EST), the NYMEX front month (Oct-25) is currently down $0.02 USD/MMBtu, with the winter strip (average of Nov-25 to Mar-26) up $0.02 USD/MMBtu. As we enter…

The market continued yesterday’s rally, gaining another $0.06 USD/MMBtu to settle at $3.10 USD/MMBtu. Despite the gain, market fundamentals remained largely neutral. Lower demand forecasts counteracted decreased production numbers, while no significant changes to LNG flows were observed.    Meteorologists at the National Hurricane Center are closely monitoring the development of a tropical storm in…

The NYMEX front month started the week off strong, rallying $0.10 USD/MMBtu or 3.4% to return over the $3.00 USD/MMBtu price threshold and settle at $3.04 USD/MMBtu. Today’s movement largely erased the front month decline experienced last week.   In the US, weather forecasts indicate that the reminder of September will be warmer than normal,…

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…