The Energy Buyer's Guide | 11.03.2025

Natural gas moves higher for the second straight week after recovering early losses

- December NYMEX climbed $0.13 to $4.12 per MMBtu, rallying above $4 following November expiration as record LNG exports and renewed winter risk firmed sentiment across the curve.

- Storage inventories rose 74 Bcf to 3,882 Bcf, in line with expectations and historical norms, with total stocks on tract to potentially top 4.0 Tcf before withdrawals begin later this month.

- Fundamentals tightened notably, as domestic demand surged 3.6 Bcf per day while supply was flat, and daily LNG feedgas hit new record highs above 18.5 Bcf per day.

- Real-time power prices strengthened broadly, led by double-digit gains in ISO-NE and solid increases across other eastern markets amid cooler weather and early heating demand.