Natural Gas Market Updates

A rally to begin the week, seems like NYMEX is correcting itself after Friday’s big sell-off, even in the face of meteorologists predicting an impending cold snap. February 2026 settled up 24 cents to $3.41 US/mm. Forecasts have not shifted too far since Friday. After some recent warmth, Ontario temperatures should plunge to below normal…

Another big sell off to close out the week. NYMEX futures prices dropped another -4.3% on average across the curve, marking an 11-week low. Although there is still cooling on the way for most of the US in the 8-14 day period, the market is clearly showing confidence in storage and the especially strong production…

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…