Natural Gas News – June 23, 2025
Natural Gas News – June 23, 2025
Mansfield Market Assessment
Natural gas has not responded to the big geopolitical events over the weekend. As we write this, natural is down 8 cents and approaching $3.70. We all know that the heat is in front of us in the short term. What the market is focusing on is that the pattern is moving closer to the 10-year normal towards the back half of the forecast. The ridge is moving back West so expect heat in Socal and the 4 corners region. We need heat in TX and the Southeast to prevent Salts from overfilling and thus, send winter prices down.
Natural Gas Rises 10% on Heat Wave, Supply Concerns
U.S. natural gas futures slipped on June 20, but headed for its best week in more than a month, steered by forecasts for hotter weather that should boost the amount of gas power generators burn to keep air conditioners humming. Gas futures for July delivery on the New York Mercantile Exchange fell 2 cents, or 0.5%, to $3.97 per million British thermal units (MMBtu), after hitting its highest level since April earlier in the session at $4.148. Prices were up over 10% so far for the week. “It’s hot hot hot. Not only are temperatures heating up in the United States with a major heat wave, the tensions between Israel and Iran are still hot,”… For more info go to https://tinyurl.com/yhk5j7d5
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