Natural Gas Market Updates

Another storage day, another triple-digit injection! The EIA reported that 122 Bcf of gas was injected into the Lower 48’s storage during the tail-end of May. Definitely a comfortable build, and the gap between current inventory levels and the 5-year average widens slightly more. The market happily sold off some after the update went live.…

Gas futures continue to hold steady, the difference between today’s settle and yesterday’s settle is only a cent or so. The July front month contract settled at $3.72 US/mm. Tomorrow’s storage report is expected to be the sixth consecutive triple digit injection for the lower 48 states. Canada is more of an interesting picture. As…

A pretty quiet, warm Tuesday in Toronto. Canadian temperatures have warmed back up and are set to stay just above normal for the next couple weeks. NYMEX gas futures remained flat, only rising by a couple pennies by the day’s close. Some interesting news out of Alberta though. The NGTL, a pipeline network that connects…

The week (and month) wraps up with some warmth and blue skies in Toronto, as the NYMEX continues to drift down a few cents. We’re just at normal temperatures currently in Canada and the US, but both are set to dip this weekend before slowly climbing back up. Regardless, Cooling Degree Days are starting to…

The EIA’s storage report came in as an injection of 101 Bcf into the lower 48’s storage. Another big one, and the market subsequently sold off. The July front month ultimately settled down at $3.52 USD/mm. Inventories are still just above the 5-year average, an overall neutral impact on futures prices. At this point, the…

Crazy last day of futures trading. The NYMEX sold off big time as the June contract expires today. All eyes have moved to July, which settled at $3.55 US/mm, down about 19 cents since yesterday. Tomorrow’s storage report for the lower 48 is expected to be another strong injection, but Dawn storage is still experiencing…

Although NYMEX trading resumed after the long weekend in the States, still not a whole lot of action for natural gas futures. The front month gained 6 cents to settle at about $3.40 US/mm, but later months showed little change, if any at all. Note that the last day for futures trading is tomorrow, May…

Welcome back. Our neighbors down South have a Federal holiday today, Memorial Day, so there wasn’t much activity in the NYMEX. Of that little action though, futures did sell off somewhat, the front month coming down about nine cents. Otherwise, it has been a quiet day in the gas world. Average temperatures in the lower…

Happy storage day! For the week ending May 16, 2025, the EIA reported an injection of 120 Bcf into the lower 48’s storage, pushing inventories up to 2,375 Bcf, the 5-year average being 2,285 Bcf. This was about in-line with estimates, yet it’s still quite a large injection. It demonstrates the push to be prepared…

Cold and dreary day here in the city… after bouncing around and threatening to even higher, the NYMEX ultimately settled about 6 cents down in the front month. Prices for later months are all nearly unchanged. Production in the lower 48 states continues to fluctuate slightly day to day, but overall remains quite strong in…

Welcome back. As usual, NYMEX gas prices are all over the place. Yesterday, a trading day for Americans, the NYMEX was down considerably, down about 24 cents in the front month. This morning, the market popped up and then some, the front month increased 31 cents to close at $3.39 US/mm. The general story is…

Another beautiful, warm day… with not much to report. The EIA’s storage report came in as an injection of +110 Bcf for the week ending May 9. Another solid build, still keeping inventories in line with the 5-year average. Temperatures in Ontario are currently above normal, but will likely dip colder throughout next week, but…