The Energy Buyer's Guide | 06.16.2025
Back-and-forth price action continues near the front of the forward curve.
- Natural gas futures fell, but overall, the market remains locked in a sideways trading pattern; the July 2025 NYMEX contract gave up $0.20 to settle at $3.58 per MMBtu on Friday
- Storage rose by 109 Bcf to 2,707 Bcf as of June 6—the seventh straight triple-digit injection and a sign of persistent looseness in market balance
- PJM recorded its highest load of the season, and near-term forecasts suggest rising electricity demand across much of the country
- Forward power prices declined in all major markets, with CAISO posting the steepest losses; 2026 strips remain at a premium to 2025, reflecting long-term supply risk
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