The Energy Buyer's Guide | 01.27.2025

Record demand reported amid early-week cold snap as market volatility continues.

Jan 27, 2025

∙ Paid

- Natural gas futures finished higher last week, with the prompt-month contract surging above $4.00 per MMBtu in the final stretch of trading on Friday

- Spot natural gas and power pricing was very high over the holiday weekend amid the most significant cold snap of the season so far

- Preliminary estimates indicate that the U.S. saw record natural gas demand across multiple sectors early in the week due to the cold weather

- Storage inventories saw the second straight draw above 200 Bcf during the week ended January 17, with the potential for a withdrawal exceeding 300 Bcf in the upcoming report

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