The Energy Buyer's Guide | 05.05.2025

Natural gas turns sharply higher, clawing back some recent losses.

May 05, 2025

∙ Paid

- Natural gas futures snapped a four-week losing streak, with the front-month contract rallying above $3.50 per MMBtu amid a sharp shift in market sentiment

- Dry gas production dipped back below 104 Bcf/day, casting doubt on recent growth and reinforcing concerns about supply constraints heading into summer

- Underground storage rose by 107 Bcf, pushing inventories slightly above the five-year average for the first time since January

- Power forwards rallied across all markets through Calendar 2026, with the largest gains seen in ERCOT and ISO-NE

Keep reading with a 7-day free trial

Subscribe to The Energy Buyer's Guide to keep reading this post and get 7 days of free access to the full post archives.