Natural Gas News – March 3, 2025
Natural Gas News – March 3, 2025
Mansfield Market Assessment
Weather models were mostly unchanged over the weekend. The market is up $0.08 currently and cash regionally looks strong compared to Henry Hub cash. March is currently the cheapest price point on the board, so we expect players in the market to inject where they can. Production is hovering around 106BCF/Day and probably needs to go higher with new LNG projects ramping up. Again, we believe the key factor impacting prices moving forward is going to be power burn this summer. We believe demand will be high enough to incentivize switching to coal where economically viable.
Warmer Weather Set to Pressure Market This Week
U.S. natural gas futures settled at $3.834 last week, down 8.5%, as forecasts for above-normal March temperatures weighed on the market. The decline followed a February rally driven by tight storage levels, but warmer weather is now curbing heating demand, leading to price weakness. Weather forecasts remain a primary bearish driver. Maxar Technologies predicts above-normal temperatures from the Rockies to the Atlantic from March 10-14, limiting heating demand. With the winter season winding down, demand concerns are intensifying, adding pressure to the market.… For more info go to https://tinyurl.com/z5hz8phr
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