Natural Gas News – April 28, 2025
Natural Gas News – April 28, 2025
Mansfield Market Assessment
May prompt month rollout of natural gas futures began today and we are showing they are currently up 0.15 cents, trading at $3.08. The market appears to be looking for heat to manifest itself in TX and SE before any sustained rally can happen. We remain both long term and short term bear until that heat does show up in the weather models. Power burn is strong weather adjusted, so we expect a substantial reversal when warmer weather picks up.
Natural Gas Inventories End Winter At A Three-Year Low
After a relatively warm start to the 2024–25 winter heating season (November–March), colder-than-normal temperatures across much of the United States in January and February resulted in increased consumption of natural gas and more withdrawals from U.S. natural gas storage than normal. By the end of March, the least amount of natural gas was held in U.S. underground storage in the Lower 48 states since 2022, with inventories 4% lower than the previous five-year average for that time of year, according to our Weekly Natural Gas Storage Report.… For more info go to https://tinyurl.com/4yr6pnw6
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