The Energy Buyer's Guide | 08.25.2025

Bearish forecasts weigh on near-term natural gas futures.

- Natural gas futures tumbled, with September settling at $2.70, down $0.22 on the week. Winter 2025-26 is now retesting multi-year lows near $3.65.

- Storage inventories climbed 13 Bcf to 3,199 Bcf, a tight build for late August, though traders are discounting the result given muted demand expectations.

- LNG exports slipped to 16.0 Bcf per day on temporary reductions at Freeport and Cameron, both of which were resolved by week’s end.

- Weather forecasts softened heading into September, with cooler-than-normal outlooks across key regions weighing on forward pricing.