The Energy Buyer's Guide | 06.02.2025
Gas futures pushed lower last week on continued soft near-term fundamentals.
- Natural gas futures fell sharply, with June expiring at $3.204 per MMBtu and July giving up rollover premium to settle down $0.28 on the week
- Storage rose by 101 Bcf to 2,476 Bcf as of May 24—now 93 Bcf above the five-year average, with season-to-date builds the second strongest since 2010
- U.S. dry gas production held at a record 104.7 Bcf per day, while demand declined amid mild weather and lower power burn
- Forward power prices fell across most major hubs, though 2026 premiums persist as markets continue to price in long-term risk
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.