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Daily Market Update July 26, 2022

Early Morning Update

The Aug ‘22 natural gas contract is trading up $0.72 at $9.45.  The Sep ‘22 crude oil contract is up $1.45 at $98.15.


Demand continues to dominate the headlines, as the country moves closer to 100 bcf/d again after a short reprieve. Power burn has moved downward about 15% vs. last week, when the majority of the country was swathed in above average temperatures. This has been offset by gains in industrial, residential/commercial, and LNG feedgas demand. In conjunction with higher demand, overall supply softened to under 95 bcf, continuing to tighten the overall balance as we have seen over the past few weeks. Weather forecasts for the first half of August continue to indicate warmer than normal conditions for nearly the entire country, with the highest anomalies focused on the upper Midwest and Northeast.


Market Update 07 26 2022

Market Settles 07 25 2022


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