The Energy Buyer's Guide | 02.03.2025
Futures prices relax across the curve as fundamentals turn more bearish.
- Natural gas futures pricing was sharply lower across the board last week, with losses spread out across the curve due to softening near-term market conditions and expectations for stronger supply in 2025
- The EIA announced just the fourth ever weekly storage withdrawal exceeding 300 Bcf, reflecting the record demand recorded during the week ended January 24
- Spot natural gas and power prices were down significantly at most delivery points, falling alongside the major weekly drop observed in energy demand across the country
- Temperature patterns are expected to remain relatively moderate in the coming weeks, but the risk of another cold snap in the Midwest and East looks to be on the table late in the two-week period
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