The Energy Buyer's Guide | 03.24.2025
NYMEX futures fall for second consecutive week amid bearish near-term conditions.
- Natural gas futures declined for the second straight week, with the prompt-month contract falling just below $4.00 per MMBtu by week’s end
- Natural gas storage inventories posted a net build of 9 Bcf during the second week of March, with forecasts pointing toward further net injections in the coming weeks
- LNG export demand hit a new record high last week while domestic production continued to hold steady
- Power forwards continued to rally at ERCOT and PJM, pricing in elevated summer risk even as near-term conditions remain especially soft and spot prices settle down into the shoulder season
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