The Energy Buyer's Guide | 07.07.2025

Natural gas slides lower for the second straight week amid tepid seasonal demand.

Jul 07, 2025

∙ Paid

- Natural gas futures declined for a second straight week, with August NYMEX dropping $0.33 to settle at $3.41 per MMBtu, as storage and demand data weighed on sentiment.

- The EIA reported a 55-Bcf storage injection for the week ending June 28—the smallest since April—lifting inventories to 2,953 Bcf, now 173 Bcf above the five-year average.

- Power demand retreated from recent highs, with load falling across PJM, MISO, NYISO, and ISO-NE; only CAISO saw a notable uptick as ERCOT stayed seasonally elevated.

- Forward power prices were mixed, with ERCOT quickly shedding premiums for peak summer months, while markets in the East and Midwest posted small gains.

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