The Energy Buyer's Guide | 04.21.2025

Natural gas futures continue lower amid broad market pressure.

- Natural gas futures fell steadily last week, with the front-month contract settling at $3.25 per MMBtu as mild weather and soft demand weighed on the curve; contracts were relatively steady further across the curve, reflecting the near-term nature of most of the recent bearish market drivers

- Dry gas production ticked higher over the weekend, with output showing some much needed signs of improvement ahead of the summer

- Natural gas storage inventories posted a light 16 Bcf build, widening deficits to both last year and the five-year average

- Spot gas and power prices declined across all major regions, driven by mild weather and strong renewable output