The Energy Buyer's Guide | 10.06.2025

Natural gas prices advance, but the curve finished the week well off of the highs.

- November NYMEX added $0.12 to settle at $3.32 per MMBtu, finishing well off of the weekly highs as the market reversed lower on Thursday afternoon.

- Storage inventories increased 53 Bcf to 3,561 Bcf, holding a 21 Bcf surplus versus last year and 171 Bcf above the five-year norm amid a 7 Bcf salt draw.

- Real-time power prices retreated as cooling demand waned, with PJM down $14 to the mid-$30s per MWh and MISO holding near $47 per MWh.

- Spot gas prices firmed in most regions, but cash markets remain broadly soft across the country; Permian pricing held in deep negative territory as takeaway constraints continue to lead to oversupply in the area.