Page 6 - Policy Economic Report - August 2025
P. 6
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
higher last month, buoyed by firm demand from Asia-Pacific buyers, which reduced the availability of
prompt loading cargoes.
Natural gas spot prices at the US Henry Hub benchmark averaged $3.20 per million British thermal units
(MMBtu) in July 2025. Henry Hub's natural gas prices rebounded in July after four consecutive months of
decline, increasing by 6.0%, m-o-m. Prices rose on the back of higher LNG exports and reports of lower
storage levels. According to data from the US Energy Information Administration, average weekly natural
gas storage increased by 7.9%, m-o-m, in July; however, it was down by 4.9%, y-o-y, signaling higher
consumption. Prices were up by 54.6%, y-o-y.
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