Natural Gas Market Updates

February 04, 2026 – Market Update

Not much to report this Wednesday afternoon… NYMEX climbed about 4% today despite some warmer temperatures on the horizon for the US and Canada (at least, after one more brief cold spell this weekend), spot prices at Dawn so far are staying at typical seasonal prices. Canadian production is consistently holding at near multi-year highs, and the Lower 48’s production has mostly recovered since freeze-offs last week wiped most of the USA’s volume off the market. For now, things are steady. For tomorrow’s storage report, Reuters is estimating a withdrawal of -375 Bcf. Stay tuned.

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