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. Its prices are influenced by various factors such as production levels, demand, weather forecasts, and LNG exports.

Why is Natural Gas going up?

GAS commodity is up 5.0% on May 7, 2025 16:01

• Natural gas futures surged due to a drop in production and record LNG exports, leading to a bullish market movement.
• The increase in prices was supported by forecasts of warmer-than-normal temperatures and expectations of high output, potentially resulting in record injections in May.
• Despite mild weather reducing demand and allowing for a larger-than-usual storage build, the market remained bullish due to strong international LNG demand and reduced domestic production.
• The overall trend of rising prices was further reinforced by a 10% weekly gain, indicating sustained positive momentum in the natural gas market.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Rebound on Tuesday

US natural gas futures rose to $3.6/MMBtu on Tuesday, after a 2.2% loss in the previous session, driven by a drop in output and record LNG exports. Production was on track to drop by around 4.8 bcfd to a seven-week low of 102.6 bcfd on Tuesday. Also, the US remains the world’s leading LNG exporter, supported by solid international demand despite recent domestic slowdowns. LNG exports hit a record average of 16.0 bcfd in April. Looking ahead, meteorologists projected temperatures in the Lower 48 states would remain mostly warmer than normal through May 21. Analysts suggest continued mild weather and high output could lead to record injections in May. Meanwhile, EIA data showed a larger-than-usual storage build of 107 bcf for the week ended April 25, due to mild weather reducing demand. That surpasses both last year’s 64 bcf increase and the five-year average of 58 bcf. Storage levels are now near seasonal norms.

US Natgas Falls 2% on Weak Demand

US natural gas futures dropped about 2% on Monday to $3.55/MMBtu, pressured by forecasts for weaker demand and reduced flows to LNG export terminals. The decline came despite recent production cuts and expectations for stronger demand later in the week. Mild weather and low heating and cooling needs have allowed utilities to inject more gas into storage, with inventories now about 1% above the five-year average. LSEG data showed that average gas output in the Lower 48 states slipped to 103.7 billion cubic feet per day (bcfd) in early May, down from April’s record of 105.8 bcfd. LNG feedgas volumes also declined, falling to a six-week low of 14.8 bcfd, largely due to reduced flows to the Cameron LNG facility. Still, the U.S. remains the world’s leading LNG exporter, supported by solid international demand despite recent domestic slowdowns.

US Natgas Prices Rise to 4-Week High

US natural gas futures rose toward a four-week high of $3.7/MMBtu, extending a 16.6% gain in the previous week, driven by a drop in output and record LNG exports. Production has fallen by 2.8 bcfd over the past five days to a two-month low of 102.6 bcfd on Friday. Also, LNG exports hit a record average of 16.0 bcfd in April, driven by increased flows to the under-construction Plaquemines facility. Looking ahead, meteorologists projected temperatures in the Lower 48 states would remain mostly warmer than normal through May 17. Analysts suggest continued mild weather and high output could lead to record injections in May. Meanwhile, EIA data showed a larger-than-usual storage build of 107 bcf for the week ended April 25, due to mild weather reducing demand. That surpasses both last year’s 64 bcf increase and the five-year average of 58 bcf. Storage levels are now near seasonal norms.

Natural gas is up by 5.01%

Natural gas increased 5.01% to 3.6532 USD/MMBtu

US Natgas Prices Set for 10% Weekly Gain

US natural gas futures climbed traded above $3.4/MMBtu, set for a 10% weekly gain, driven by a drop in output and record LNG exports. Production has fallen by 3.5 bcfd over the past four days to a two-month low of 102.0 bcfd. Also, LNG exports hit a record average of 16.0 bcfd in April, driven by increased flows to the under-construction Plaquemines facility. Looking ahead, meteorologists projected temperatures in the Lower 48 states would remain mostly warmer than normal through May 16. Analysts suggest continued mild weather and high output could lead to record injections in May. Meanwhile, EIA data showed a larger-than-usual storage build of 107 bcf for the week ended April 25, due to mild weather reducing demand. That surpasses both last year’s 64 bcf increase and the five-year average of 58 bcf. Storage levels are now near seasonal norms.

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Natural Gas Price History

10.03.2025 - GAS Commodity was up 8.2%

• The bullish movement in Natural Gas prices today can be attributed to a combination of factors:
• Declining gas output and expectations for higher heating demand in the coming weeks have boosted prices.
• Record flows to LNG export plants indicate strong overseas demand, supporting the market.
• President Trump's temporary easing of tariffs, despite raising them on Chinese imports, has also contributed to the price surge.
• Mild weather and weak demand in March led to a rare storage build, but forecasts of near-normal temperatures in the US may limit heating demand, impacting prices in the future.

21.03.2025 - GAS Commodity was down 5.2%

• US natural gas futures dropped to an 11-week low due to record production levels and forecasts for milder weather, reducing demand expectations.
• The warmer-than-usual temperatures expected through early May are decreasing heating needs, allowing for more gas to be stored, further pressuring prices.
• Uncertainty surrounding President Trump's tariff policies has raised concerns about slower global growth and weaker energy demand, impacting the market sentiment negatively.
• Despite these challenges, gas exports remain strong, with LNG flows reaching a record high this month, supported by increased activity at a major export facility in Louisiana.

01.04.2025 - GAS Commodity was up 5.1%

• Natural Gas prices surged towards a three-week high of $3.4/MMBtu due to a drop in output and record LNG exports, leading to increased demand and reduced storage levels.
• The market was further supported by forecasts of stronger demand and decreased output, with production falling to a two-month low and LNG exports hitting record levels.
• Despite mild weather conditions reducing demand, the anticipation of record injections in May due to continued high output and favorable weather outlooks contributed to the bullish movement in Natural Gas prices.

02.04.2025 - GAS Commodity was up 5.5%

• Natural gas futures surged above $3.4/MMBtu, marking a 10% weekly gain, driven by a combination of factors:
• A significant drop in production by 3.5 bcfd over the past four days to a two-month low, signaling potential supply constraints.
• Record LNG exports averaging 16.0 bcfd in April, particularly driven by increased flows to the Plaquemines facility.
• Meteorologists forecasting warmer-than-normal temperatures in the Lower 48 states through mid-May, boosting demand expectations.
• The delayed EIA storage report, expected to show a larger-than-usual build of 107 bcf, further supported prices, as it would bring storage levels closer to seasonal norms.
• Despite recent challenges like rising output and mild weather expectations, the market rebounded over 7% to above $3.3/MMBtu, fueled by improved demand forecasts and robust LNG export activities, positioning the US as a key LNG supplier globally.

02.04.2025 - GAS Commodity was up 5.9%

• Natural gas prices surged by 5.01% to $3.6532/MMBtu, driven by a combination of factors.
• The market was influenced by a drop in production by 3.5 bcfd to a two-month low, coupled with record LNG exports reaching 16.0 bcfd in April.
• Analysts' projections of warmer-than-normal temperatures in the Lower 48 states through mid-May and expectations of high output leading to record injections in May also contributed to the bullish trend.
• Despite earlier concerns about mild weather and rising output, improved demand forecasts and increased export volumes to LNG plants supported the bounce back in natural gas prices, especially with the U.S. maintaining its position as a top LNG supplier globally.

24.03.2025 - GAS Commodity was down 5.0%

• Natural gas prices hit multi-week lows due to ample supply and uncertain demand caused by macroeconomic headwinds in major markets like Europe and Asia.
• Record-high production levels in the US, combined with warmer-than-usual temperatures, reduced demand for natural gas for heating purposes.
• Ongoing trade tensions between the US and China have led to a decrease in LNG imports, impacting global natural gas prices.
• Despite strong gas exports, concerns over President Trump's tariff policies and their potential impact on global growth have contributed to the bearish market movement in natural gas.

08.03.2025 - GAS Commodity was down 5.1%

• Natural gas prices hit an 8-week low at $3.47/MMBtu, marking a significant decrease in value.
• The bearish movement can be attributed to global recession fears and concerns over demand as a result of certain trade policies affecting industrial and export activity.
• Despite record-high LNG exports and peak gas output, the market sentiment was impacted by lower production forecasts and higher demand, leading to a volatile trading day.
• The ongoing supply-demand dynamics and weather forecasts are crucial factors influencing the natural gas market, with investors closely monitoring storage levels and export trends amidst the changing geopolitical landscape.

07.04.2025 - GAS Commodity was up 5.0%

• Natural gas futures surged due to a drop in production and record LNG exports, leading to a bullish market movement.
• The increase in prices was supported by forecasts of warmer-than-normal temperatures and expectations of high output, potentially resulting in record injections in May.
• Despite mild weather reducing demand and allowing for a larger-than-usual storage build, the market remained bullish due to strong international LNG demand and reduced domestic production.
• The overall trend of rising prices was further reinforced by a 10% weekly gain, indicating sustained positive momentum in the natural gas market.

28.03.2025 - GAS Commodity was up 13.9%

• Natural gas prices experienced a strong bullish movement today, bouncing back from recent lows.
• The improved demand forecast, particularly from increased flows to LNG export plants and expectations of stronger demand, supported the price surge.
• The decline in prices over the past few weeks was mainly driven by ample supply, warmer-than-usual temperatures reducing heating demand, and macroeconomic headwinds affecting global demand.
• Despite the recent bearish trend, the bullish movement today indicates a temporary shift in sentiment due to positive demand outlook and export activities.

27.03.2025 - GAS Commodity was up 7.2%

• Natural Gas prices declined to a 5-month low due to abundant supply and uncertain demand caused by broader economic challenges such as warmer temperatures reducing the need for gas-intensive heating.
• Heightened domestic gas production in the Lower 48 states and reduced LNG imports in China and India were factors contributing to the downward trend in Natural Gas prices.
• The market shift can also be linked to forecasts of milder weather, increased production levels, and concerns over global growth stemming from certain tariff policies, collectively leading to reduced demand expectations for Natural Gas.
• Despite the decline, robust gas exports and rising LNG flows indicate sustained global demand for Natural Gas, albeit with some temporary price variations.

09.03.2025 - GAS Commodity was up 7.0%

• The bullish movement in Natural Gas prices can be attributed to a rebound from a recent low, as risk appetite returned and investors reassessed supply-demand dynamics after a sharp selloff.
• The increase in US natural gas prices was also influenced by temperatures across the Lower 48 states expected to stay near seasonal norms, limiting near-term demand spikes.
• President Trump's announcement of sweeping new tariffs, leading to fears of a global recession and sharp declines in energy markets, may have added some volatility to the natural gas market.
• Despite concerns about global trade tensions and recession fears, the record LNG exports and slightly below-average gas storage levels in the US continue to support the overall bullish sentiment in the natural gas market.

09.03.2025 - GAS Commodity was up 7.6%

• Natural gas futures surged by 8% to above $3.7/MMBtu due to a combination of factors, including a temporary pause in tariffs by a prominent figure, declining output, and expectations of higher heating demand.
• Record flows to LNG export plants and strong overseas demand also contributed to the bullish movement in natural gas prices.
• Despite the recent increase, gas stockpiles remain below average for this time of year, reflecting high winter demand and potential supply constraints.
• The market movement was also influenced by investors reassessing supply-demand dynamics after a sharp selloff, as well as global economic concerns and trade tensions impacting demand forecasts.