Natural Gas ($GAS) Commodity Forecast: Up 5.0% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation, with its prices heavily influenced by supply and demand dynamics as well as weather conditions.

Why is Natural Gas going up?

GAS commodity is up 5.0% on Jun 4, 2026 13:16

• Natural gas prices surged today by 5.02% to $3.2505 per MMBtu, indicating a bullish market movement.
• The bullish trend can be attributed to forecasts of above-normal temperatures through June 18, which are expected to increase air-conditioning demand and boost gas-fired power generation.
• Additionally, the decline in gas production in the Lower 48 states and a smaller-than-expected increase in gas storage inventories as per the latest report have further supported the price rally.
• Despite weaker LNG demand due to ongoing seasonal maintenance at export facilities, the overall market sentiment remains positive due to strong demand expectations and supply-side factors.

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US Natgas Prices Advance

US natural gas futures rose to around $3.23 per MMBtu as investors await the weekly storage data, which is expected to show a slight increase in the supply surplus. Prices remain supported by weather-driven demand expectations, with forecasts pointing to mostly above-normal temperatures through June 18. This should lift gas-fired power generation as air-conditioning demand rises. On the supply side, average production in the Lower 48 states fell to 109.0 bcfd so far in June from 109.7 bcfd in May. The decline in output over recent weeks has likely narrow the storage surplus to around 5.9% above normal for the week ended May 29, compared with 6.2% in the previous week. However, upside momentum has been partially offset by weaker LNG demand. Average feedgas flows to major LNG export terminals have fallen from 17.1 bcfd in May to 16.3 bcfd so far in June amid ongoing seasonal maintenance at several facilities.

US Natgas Prices Extend Decline

US natural gas futures dropped to around $3.15 per MMBtu, extending their pullback from a three-month high amid weaker LNG export demand. Average feedgas flows to major LNG export facilities declined from 17.1 bcfd in May to 16.0 bcfd in early June due to seasonal maintenance at several plants, with daily flows falling to a four-month low. This increases available inventories at a time when storage is already relatively comfortable, at over 6% above the five-year average. Losses, however, were partly limited by weather forecasts pointing to mostly above-normal temperatures through June 17, which is expected to boost gas consumption from power generators as air-conditioning use rises. In addition, gas production in the Lower 48 states averaged 108.8 billion cubic feet per day so far in June, down from 109.7 bcfd in May.

US Natgas Prices Ease from 3-Month High

US natural gas futures fell more than 3% to below $3.2 per MMBtu, retreating from a nearly three-month high of $3.29 reached in the previous session as traders reassessed supply and demand conditions. Weather forecasts continue to point to mostly above-normal temperatures through June 13, a trend that could boost gas consumption from power generators as air conditioning demand rises. On the supply side, gas production in the Lower 48 states averaged 109.4 billion cubic feet per day in May, slightly below April’s 109.8 bcfd. Meanwhile, flows to major US LNG export facilities declined to 17.1 bcfd from a record 18.8 bcfd in April due to seasonal maintenance work at several plants. Despite the latest pullback, US natural gas prices surged 18.9% in May, following a 4.1% decline in April.

US Natgas Prices Climb Further

US natural gas futures rose further to $3.36 per MMBtu, the highest level since early February, amid expectations of stronger demand over the next two weeks. Forecasts indicate mostly above-normal temperatures through June 13, increasing the likelihood that power generators will consume more gas to meet rising air-conditioning demand. Additional support came from the latest EIA report, which showed a smaller-than-expected increase in gas storage inventories. On the supply side, gas production in the Lower 48 states averaged 109.4 billion bcfd in May, down from 109.8 bcfd in April, providing further upward pressure on prices. Meanwhile, flows to major LNG export plants fell from a monthly record high of 18.8 bcfd in April to 17.1 bcfd so far in May due to seasonal maintenance at several plants. US gas prices rallied 18.9% in May, after a 4.1 % drop in April.

Natural gas is up by 5.02%

Natural gas increased 5.02% to 3.2505 USD/MMBtu

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Natural Gas Price History

23.03.2026 - GAS Commodity was down 5.1%

• Natural gas futures fell due to a combination of factors including a recent increase in production, near-record flows to LNG export facilities, and mild spring weather allowing for strong storage injections.
• The market was also influenced by hopes for a negotiated end to the Middle East conflict, with news of US Vice President JD Vance's upcoming peace talks in Pakistan and Iran's potential delegation participation.
• Despite some attempts at a rebound supported by a drop in output and expectations of stronger demand, prices remained close to their lowest levels since October 2024 due to a persistent storage surplus and forecasts of warmer-than-normal conditions limiting heating demand.

23.03.2026 - GAS Commodity was down 5.0%

• Natural gas futures fell due to ample storage levels, strong injections into inventories, and mild spring weather keeping heating demand subdued.
• Despite recent production declines and near-record flows to LNG export facilities, the market remained under pressure from the large storage surplus.
• Forecasts of warmer weather across the US Midwest through late April are expected to further reduce heating demand and limit power-sector consumption, leading to a bearish sentiment in the natural gas market.
• The broader decline in energy markets, influenced by hopes for a negotiated end to the Middle East conflict, also contributed to the drop in natural gas prices today.

12.04.2026 - GAS Commodity was up 5.0%

• Natural gas prices surged to over a 6-week high of $2.91 per MMBtu due to declining production and the restart of a liquefaction train at a LNG export facility, indicating a tightening supply scenario.
• The continued drop in output, especially by major producers, in response to weak spot prices, has contributed to the bullish trend in prices.
• Lower LNG flows to export terminals due to seasonal maintenance have also played a role in pushing prices higher, as more gas remains in the domestic market, leading to increased demand and reduced supply.

30.03.2026 - GAS Commodity was up 5.6%

• Natural Gas prices surged today despite recent lows, attributed to decreased production by major producers and industry response.
• Mild weather and warm spring temperatures have lowered heating demand, causing storage levels to rise significantly.
• Despite expected cooler weather, demand is unlikely to rise significantly, keeping prices pressured.
• High LNG export feedgas flows in April may have also influenced the bullish movement in Natural Gas prices.

08.03.2026 - GAS Commodity was down 5.1%

• Natural gas prices experienced a bearish movement due to mild spring weather leading to lower demand and increased storage levels.
• The ongoing tensions in the Middle East, particularly with Iran, have added uncertainty to global energy markets, but US natural gas prices have remained relatively stable due to strong production and ample inventories.
• Despite occasional rebounds in prices, the overall trend remains bearish as warmer weather forecasts and expectations of rising inventories continue to weigh on the market.
• The recent fluctuations in natural gas prices highlight the importance of monitoring both domestic factors like production levels and storage data, as well as international developments that could impact energy markets.

15.04.2026 - GAS Commodity was up 5.3%

• Natural gas futures climbed to a seven-week high of $2.93 per MMBtu due to an in-line storage injection and a decline in output, with production dropping to a 15-week low.
• The bullish movement was supported by energy companies scaling back activity in response to weak spot prices, easing flows to US export facilities, and mostly normal weather conditions limiting demand.
• The market reacted positively to the EIA reporting a storage build in line with expectations, with total inventories rising above year-ago levels and the seasonal average.
• Despite some fluctuations in prices, the overall trend remained bullish as declining production, improved demand expectations, and maintenance at export facilities continued to support prices.

24.03.2026 - GAS Commodity was down 6.0%

• Natural gas prices hit an 18-month low of $2.56 per MMBtu, driven by ample storage levels and continued strong injections into inventories, leading to a storage surplus and pressure on prices.
• Mild spring weather has kept heating demand subdued, allowing for above-normal injections into storage, while forecasts of near-normal temperatures through early May are expected to limit demand upside, contributing to the bearish trend.
• Despite recent declines in production and near-record flows to LNG export facilities, prices remain low due to the persistent storage surplus and the expectation of reduced heating and power demand as the market moves into the low-demand spring shoulder season.
• The broader decline in energy markets, influenced by hopes for a negotiated end to the Middle East conflict, also played a role in the drop in natural gas prices to $2.65 per MMBtu, as investors shifted focus towards geopolitical developments and away from energy commodities.

27.03.2026 - GAS Commodity was up 8.2%

• Natural gas prices rose today, despite hovering near an 18-month low, as production declines and record-high LNG feedgas flows provided some support.
• Mild weather conditions and above-normal spring temperatures have led to strong storage injections and ample inventories, keeping prices subdued.
• Despite forecasts suggesting limited demand upside due to fading heating needs and slow emergence of summer cooling demand, the market saw a bullish movement possibly due to the recent decline in production levels.
• The overall sentiment remains bearish as prices are still near multi-year lows and the market continues to be pressured by high storage levels and subdued demand.

24.02.2026 - GAS Commodity was down 5.1%

• Natural gas futures experienced a bearish movement due to warmer weather forecasts leading to reduced heating demand.
• Prices were also impacted by broader energy selloffs and geopolitical tensions, such as talks about ending conflicts in certain regions, influencing oil prices and energy futures.
• Global supply conditions played a role in the market movement, with disruptions in LNG exports from key regions due to escalating tensions in certain areas.
• Despite regional oversupply, tightening global markets amid geopolitical events and potential changes in oil sanctions could stabilize prices in the near term.

27.04.2026 - GAS Commodity was up 2.9%

• Today's bullish movement in Natural Gas prices can be attributed to the following factors:
• Reduced output by producers over the US holiday weekend and redirection of domestic supply to LNG export terminals increased demand for natural gas.
• Forecasts of below-average temperatures in certain regions may boost heating demand, supporting prices.
• Escalating geopolitical tensions in the Middle East have underpinned demand for US LNG in Europe and Asia.
• Expectations of a near-normal injection into storage for the past week may have eased concerns about oversupply, providing further support to prices.

04.05.2026 - GAS Commodity was up 5.0%

• Natural gas prices surged today by 5.02% to $3.2505 per MMBtu, indicating a bullish market movement.
• The bullish trend can be attributed to forecasts of above-normal temperatures through June 18, which are expected to increase air-conditioning demand and boost gas-fired power generation.
• Additionally, the decline in gas production in the Lower 48 states and a smaller-than-expected increase in gas storage inventories as per the latest report have further supported the price rally.
• Despite weaker LNG demand due to ongoing seasonal maintenance at export facilities, the overall market sentiment remains positive due to strong demand expectations and supply-side factors.

06.04.2026 - GAS Commodity was down 5.0%

• Natural gas prices declined due to lower LNG flows, as pipeline flows to export terminals decreased, leaving more gas in the US market.
• The gradual increase in cooling demand as summer approaches could provide some support to prices in the near future.
• Producers like EQT Corporation have reduced output in response to weak prices, contributing to the decline in supply and potentially impacting prices positively in the coming weeks.
• Despite the bearish movement, the market remains cautious as storage levels are still above the seasonal average, indicating a potential oversupply situation that could continue to put pressure on prices.