Natural Gas Market Updates

The EIA reported today that for the week ending January 2, 2026, the lower 48 states pulled about -119 Bcf of gas out of underground storage reserves, only a few Bcf more than expected, and still in line with the 5-year average. The market relaxed in reaction, dropping another 11 cents in the February 2026…

NYMEX futures bounced up after several days of consistent decreases, understandable since some range-bound trading is to be expected when there is not much shift in the fundamentals. That being said, there is news of a slight cooler-revision of temperature forecasts in the US and Canada later in January. Again, temperatures right now are well…

NYMEX’s bearish run continues; buyers are happy to see the February 2026 front month contract settling down another 17 cents to end the day at $3.35 US/mm. It’s been quite the strong sell-off the past few weeks (now at a 10-week low). Cash prices at Dawn have dipped too. Again, demand will likely remain quite…

The week begins with NYMEX futures falling another ~12 cents across the curve, with February 2026 settling to $3.52 US/mm. The leading sentiment is that warmer-than-normal temperatures are here and expected to linger over the coming days, especially this week for Ontario. Here in Toronto, we’re expecting to hit as high as 8 degrees Celcius…

Welcome 2026! Another steady day in the market as traders begin returning to the office. NYMEX is down another -2% over the next 12 months, last trade price at $3.62 US/mm. Weather expectations continue to vary, but for now the short-term 6-10 day is looking to be warmer-than-normal in most of the US, especially the…