Natural Gas ($GAS) Commodity Forecast: Up 5.3% Today

What is Natural Gas?

Natural Gas is widely used for heating and electricity generation, its prices influenced by supply and demand dynamics, weather patterns, and geopolitical factors. Recent market activity indicates a strong bullish movement in Natural Gas prices.

Why is Natural Gas going up?

GAS commodity is up 5.3% on Dec 5, 2025 13:20

• Natural Gas prices reached a 3-year high above $5/MMBtu, attributed to various factors:
• European countries reducing reliance on Russian LNG, leading to increased demand for US natural gas exports.
• Cold weather forecasts in North America driving up heating demand.
• Strong US LNG export growth of 40% annually in November.
• Despite a slight decrease from the peak, prices remained almost 70% higher compared to October lows, reflecting positive market sentiment.
• An unexpected rise in storage data resulted in a brief price decline, underscoring the market's responsiveness to supply metrics amid robust demand.
• Overall, the uptrend in Natural Gas prices is backed by geopolitical changes, weather forecasts, and export demand, signaling a favorable outlook for the commodity in the short term.

GAS Price Chart

GAS Technical Analysis

GAS News

Natural Gas Rises To 3-Year High

US natural gas futures were above the $5/MMBtu mark, hovering at three-year highs and soaring 70% since the lows from mid-October amid a backdrop of soaring export demand. European countries extended their shun of Russian natural gas and confirmed the complete phase out of Russian LNG by the end of 2027. This coincided with fresh evidence that US LNG exports rose 40% annually in November to 10.7 million tonnes, even though producers continued increasing output. Demand was also underpinned by forecasts of a cold front at the start of the North American winter, led by lower temperatures in the Northeast and Great lakes. The latest EIA data showed that utilities withdrew 12 billion cubic feet of natural gas on the week ending November 28th, a third straight decrease to consolidate the start of the seasonal withdrawal season, albeit slightly above expectations that they would have dropped by 18 bcf.

Natural Gas Eases from 3-Year High

US natural gas futures eased to $4.95/MMBtu from the three-year high of $5/MMBtu touched earlier on Thursday after the latest storage data was higher than anticipated. A report from the EIA indicated that domestic storages fell by 12 billion cubic feet on the third week of the withdrawal season, less than expectations of an 18bcf draw. Still, futures were nearly 70% higher since October lows amid a backdrop of soaring export demand. European countries extended their shun of Russian natural gas and confirmed the complete phase out of Russian LNG by the end of 2027. This coincided with fresh evidence that US LNG exports rose 40% annually in November to 10.7 million tonnes, even though producers continued increasing output. Demand was also underpinned by forecasts of a cold front at the start of the North American winter, led by lower temperatures in the Northeast and Great lakes.

Natural Gas Extends Rally to 3-Year High

US natural gas futures rose above the $5/MMBtu mark for the first time in three years in early December, soaring 65% since the lows from mid-October amid a backdrop of soaring export demand. European countries extended their shun of Russian natural gas and confirmed the complete phase out of Russian LNG by the end of 2027. This coincided with fresh evidence that US LNG exports rose 40% annually in November to 10.7 million tonnes, even though producers continued increasing output. Demand was also underpinned by forecasts of a cold front at the start of the North American winter, led by lower temperatures in the Northeast and Great lakes. Consequently, the latest EIA data is expected to show that utilities withdrew 18 billion cubic feet of natural gas on the week ending November 28th, a third straight decrease to consolidate the start of the seasonal withdrawal season.

US Natural Gas Prices at 3-Year High

US natural gas futures climbed toward $4.8/MMBtu at the start of December, the highest level in three years, extending a more than 15% gain for November which marked a third consecutive monthly increase. Cold weather continues to boost demand, with intense cold expected across the Northeast and Great Lakes from December 3–7. Forecasts also point to below-normal temperatures in these regions in the weeks ahead. Record LNG exports have added further upward pressure, with US shipments reaching 10.7 million tons in November, a 40% increase from a year earlier. Meanwhile, EIA data showed that energy firms withdrew 11 billion cubic feet of gas from storage in the week ending November 21, the second straight weekly draw, highlighting tightening supply-demand fundamentals as December begins.

Natural gas Hits 35-month High

Natural gas increased to 4.80 USD/MMBtu, the highest since December 2022. Over the past 4 weeks, Natural gas gained 25.74%, and in the last 12 months, it increased 43.83%.

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Natural Gas Price History

29.09.2025 - GAS Commodity was up 13.1%

• The bullish movement in Natural Gas prices can be attributed to a combination of factors:
• Despite recent fluctuations, the overall trend has been upward, with prices hitting an 18-week high.
• Forecasts for colder weather and increased demand, especially from strong LNG export activity, have supported the price surge.
• While there have been occasional dips due to larger-than-normal storage builds and milder weather, the overall supply-demand dynamics remain favorable for Natural Gas prices.
• The robust export activity to major LNG terminals and the record-high daily LNG feedgas indicate a healthy demand outlook, contributing to the bullish sentiment in the market.

20.09.2025 - GAS Commodity was up 5.2%

• Natural Gas prices surged over 5% today, breaking a two-week losing streak, driven by a decrease in output levels in the Lower 48 states and a rise in gas flows to US LNG export terminals.
• Despite record-high storage levels and warmer weather forecasts limiting overall consumption, the strong export demand for US natural gas contributed to the bullish movement.
• The market movement reflects a delicate balance between supply, demand, and global export trends, showcasing the intricate interplay of factors influencing Natural Gas prices.

19.10.2025 - GAS Commodity was up 5.7%

• Natural gas prices surged today due to colder forecasts for early December, increasing heating demand and sparking buying interest.
• The market movement was also supported by expectations of the first storage withdrawal of the season and robust LNG feedgas demand, particularly from US export plants.
• Despite strong US production levels and ample storage, the anticipation of colder weather conditions in the near term contributed to the bullish movement in natural gas prices.
• Traders are closely monitoring weather patterns, export demand, and production levels to gauge the future direction of natural gas prices.

05.11.2025 - GAS Commodity was up 5.3%

• Natural Gas prices reached a 3-year high above $5/MMBtu, attributed to various factors:
• European countries reducing reliance on Russian LNG, leading to increased demand for US natural gas exports.
• Cold weather forecasts in North America driving up heating demand.
• Strong US LNG export growth of 40% annually in November.
• Despite a slight decrease from the peak, prices remained almost 70% higher compared to October lows, reflecting positive market sentiment.
• An unexpected rise in storage data resulted in a brief price decline, underscoring the market's responsiveness to supply metrics amid robust demand.
• Overall, the uptrend in Natural Gas prices is backed by geopolitical changes, weather forecasts, and export demand, signaling a favorable outlook for the commodity in the short term.

30.09.2025 - GAS Commodity was up 5.1%

• Natural Gas prices surged to $3.9 per MMBtu, nearing a three-month high, driven by expectations of increased LNG exports to Europe and Asia, amidst lower stocks in gas trading hubs and reduced Russian gas imports.
• The bullish trend was further supported by the US administration's focus on energy exports to Asian countries and robust demand from Europe, despite high levels of domestic production and storage.
• Weather forecasts indicating normal temperatures in the US through mid-November tempered some expectations for stronger heating demand, but colder conditions in the upcoming weeks and strong LNG export activity provided additional support to the Natural Gas prices.
• Overall, the bullish movement in Natural Gas prices today can be attributed to a combination of factors including increased LNG exports, geopolitical developments impacting supply dynamics, and weather forecasts influencing demand in the market.

11.10.2025 - GAS Commodity was up 5.5%

• Natural gas prices surged to an 8-month high due to strong export demand and record activity at LNG facilities, with flows to major plants hitting new highs.
• The bullish trend was supported by US output levels exceeding those of October, contributing to increased storage levels and higher consumption projections.
• The 4-day rally came to a halt as prices dipped on mild weather forecasts and rising output, despite ongoing strong LNG flows driven by overseas demand from Europe and Asia.

11.10.2025 - GAS Commodity was up 5.3%

• Natural gas prices surged to nearly 3-year highs due to colder December forecasts, higher power demand, and strong export activity to Europe and Asia.
• The bullish movement was supported by record activity at LNG facilities and increased US production levels, which helped offset rising exports.
• However, the prices snapped a 4-day rally and fell over 2% as output increased, and mild weather forecasts reduced near-term heating demand, despite strong export flows to major US LNG plants.
• The market movement showcases the volatility of natural gas prices, heavily influenced by weather patterns, production levels, export demands, and storage inventories.

28.09.2025 - GAS Commodity was down 5.0%

• Natural gas futures fell due to steady production levels and comfortable storage inventories, easing supply concerns.
• Colder weather forecasts and higher demand had initially driven prices up, but a larger-than-expected storage build led to the bearish movement.
• Despite robust LNG export activity and near-normal temperatures expected, the market was influenced by the imbalance between supply and demand, resulting in the price drop.
• The market's sensitivity to storage reports and weather forecasts highlights the importance of balancing production, consumption, and inventory levels in determining natural gas prices.

31.09.2025 - GAS Commodity was up 7.6%

• Natural gas prices surged to a 7-month high of $4.1 per MMBtu due to higher heating demand in the US and increased LNG exports to Europe and Asia.
• Expectations of colder weather in the US ahead of winter supported the demand for natural gas, while the gradual reduction of Russian gas imports in Europe also contributed to the bullish trend.
• Despite elevated domestic production and storage levels, the market was buoyed by strong LNG flows to major export plants and the US administration's focus on energy imports for Asian countries.
• The increase in natural gas prices was further supported by lower stocks in gas trading hubs and the overall positive sentiment in the market, leading to a significant uptrend in prices.

18.10.2025 - GAS Commodity was down 5.0%

• Natural gas futures fell by over 4% to $4.45/MMBtu due to a larger-than-expected storage build, indicating ample supply levels.
• Traders weighed short-term mild weather conditions against strong export demand and forecasts of colder weather in early December, which could potentially boost heating needs and support prices.
• Despite the decrease in prices, LNG exports remained robust, driven by European demand amid reduced Russian supply, maintaining pressure on the market.
• The overall market sentiment was influenced by a combination of factors including weather forecasts, storage levels, export demand, and global energy demand outlook, contributing to the bearish movement in natural gas prices.

23.09.2025 - GAS Commodity was down 5.0%

• Natural Gas prices experienced a bearish movement today due to a larger-than-expected storage build, indicating ample supply in the market.
• Despite a recent drop in production and strong demand from LNG export plants, the surplus in storage levels, currently 4.5% above the five-year average, continues to weigh on prices.
• Warmer-than-normal weather forecasts limiting heating demand and the ongoing trend of high storage levels are likely to keep natural gas prices under pressure in the near term.
• The rebound in prices seen in the past week was not sustained, as the overall market sentiment remains bearish due to the combination of mild weather conditions and robust storage levels.

12.10.2025 - GAS Commodity was up 5.7%

• Natural gas prices surged to a 35-week high of $4.58 USD/MMBtu, driven by various factors:
• Traders betting on colder December weather and higher power demand.
• Strong export demand, particularly from Europe reducing reliance on Russian gas and increased Asian imports.
• Record activity at US LNG facilities, with flows to major plants hitting new highs.
• Despite milder temperatures expected next week, the market remains optimistic about sustained demand.
• US production levels are robust, helping offset rising exports and contributing to storage levels above seasonal norms.
• The overall outlook for Natural Gas remains positive, with expectations of new highs in both supply and demand driven by various factors like data center energy needs and growing LNG exports.