The Energy Buyer's Guide | 02.18.2025

The natural gas market rallies again, bracing for the next cold snap.

- Natural gas futures pushed sharply higher for the second consecutive week, with contracts across the curve finishing back near the highs established in January

- Another major cold shot is in store for most of the U.S. in the coming days, with the Midwest expected to experience the most significant temperature anomalies

- Spot energy prices rose last week amid increased demand, with further volatility expected as the market braces for several days of extreme cold

- The 100-Bcf natural gas storage draw announced last Thursday came in stronger than expected, while falling short of the five-year average and outpacing the same week a year prior