The Energy Buyer's Guide | 07.21.2025
Summer natural gas rallied last week in anticipation of widespread heat.
- Natural gas futures rallied last week, with August NYMEX settling at $3.57 per MMBtu, but the market is giving up most of those gains Monday morning.
- The EIA reported a 46-Bcf injection for the week ending July 11, bringing total storage to 3,052 Bcf, narrowing the year-on-year deficit to its smallest level since January.
- Power demand climbed across most markets, with last week marking the highest natural gas power burn total of the summer, though consumption remains well below 2024 levels.
- Forward power prices rose in most regions, led by ERCOT and MISO, as forecast revisions calling for prolonged heat helped revive risk premiums after a quiet start to July.
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.