NYMEX Commodity and NYSE equity markets were closed in observance of Presidents Day. 

Regular NYMEX daily trading hours are from 9:30 a.m. to 4:00 p.m. CST. Pre-trading hours are from 4:00 a.m. to 9:30 a.m., CST. Early trading on Presidents Day has natural gas trading around $3.00/Million Btu.

U.S. regional weather patterns are above freeze temperatures as annual heating season comes to a close on February 28. The combination of warm weather and strong storage gas withdraw over the last four weeks have natural gas prices in the $3.00/Million Btu range. A total of 971 BCF of natural gas has been withdrawn from storage, a large but not alarming number. Current working supply is 130 BCF below five-year average and within the five-year average. For more details, refer to EIA report of 2.12.26: Weekly Natural Gas Storage Report (WNGSR).  Markets will continue to watch U.S. weather patterns, economic news and activity concerning Iran this week. The next Iran-U.S. meeting is scheduled for February 17, 2026 in Geneva, Switzerland. Gas storage volumes for the week ending February 13 will be released Thursday, February 26.

2026 NAPE WEEK

February 18-20, George Brown Convention Center             

Houston, TX

Upstream Energy celebrates its 2026 hallmark event in Houston, Texas with NAPE Summit Week, February 18-20.  Attendance registration available online and on-site @ https://napeexpo.com/summit.

SIPES is hosting a unique “prospect-poster-forum-hall” featuring documented oil, gas opportunities and more.  Contact Matt Boyce for more details: matt.boyce@epochconsultingllc.com

This report and other energy blogs may not represent views of individual members. Reports are the opinions of author, Energy Chairman, Donald P. Muth, Sr.