The Energy Buyer's Guide | 03.17.2025

NYMEX futures retreat from recent highs amid soft near-term weather conditions.

- Natural gas futures gave up ground last week, retreating from recent highs as elevated volatility continued

- Storage inventories declined by 62 Bcf during the first week of March in what was likely the last substantial withdrawal of the winter season

- Spot natural gas and power prices were mostly steady compared to the previous week and remain elevated compared to the same point a year prior

- Natural gas production was virtually unchanged on the week, keeping the market propped up with concerns about the timing and pace of further growth