Natural Gas ($GAS) Commodity Forecast: Down 7.5% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation. Today, the market experienced a strong bearish movement, with prices declining significantly.

Why is Natural Gas going down?

GAS commodity is down 7.5% on Dec 11, 2025 16:39

• Natural gas prices hit a 5-week low, dropping to $4.23/MMBtu, the lowest since November 2025. This decrease can be attributed to milder weather forecasts through December 23rd, easing demand pressure, and near-record production levels, leading to ample storage and weighing on prices.
• Despite the recent retreat, prices remain close to three-year highs, supported by strong export demand and cold weather in the US. However, profit-taking and the lack of Russian LNG in Europe by 2027 have impacted the market sentiment.
• US LNG exports surged 40% year-on-year in November, reaching 10.7 million tonnes, showcasing the strong demand for natural gas globally. This surge in exports, coupled with robust production levels, has contributed to larger-than-normal inventories and downward pressure on prices.
• The overall market movement reflects a combination of factors such as weather forecasts, production levels, export demand, and geopolitical developments, leading to the bearish trend in natural gas prices today.

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Natural gas Hits 5-week Low

Natural gas decreased to 4.23 USD/MMBtu, the lowest since November 2025. Over the past 4 weeks, Natural gas lost 6.4%, and in the last 12 months, it increased 22.8%.

Natural gas is down by 5%

Natural gas decreased 5% to 4.6664 USD/MMBtu

US Natural Gas Prices Retreat Further

US natural gas futures extended their decline to around $4.80/MMBtu on Tuesday, following a steep 7.1% drop on Monday and moving further away from the three-year highs reached earlier this month. Milder weather forecasts through December 23rd have eased pressure on demand, while near-record production and ample storage continue to weigh on prices. Average gas output in the Lower 48 states has risen to 109.7 billion cubic feet per day (bcfd) so far in December, above November’s record of 109.6 bcfd. Robust production has enabled companies to build larger-than-normal inventories, which now stand about 5% above the seasonal average. LSEG expects total US demand including exports, to increase to 146 bcfd next week, up from 143.8 bcfd this week.

Natural gas is down by 5.01%

Natural gas decreased 5.01% to 5.0239 USD/MMBtu

US Natural Gas Retreats Amid Profit-Taking

US natural gas futures slipped back to the $5/MMBtu level as last week’s over 9% surge lost momentum. Despite the pullback, prices remain close to three-year highs, up roughly 70% since mid-October, supported by strong export demand and cold weather across the US, which boosted heating-related consumption. In Europe, countries confirmed plans to phase out Russian LNG completely by 2027, extending their ongoing avoidance of Russian gas. Meanwhile, US LNG exports surged 40% year-on-year in November to 10.7 million tonnes, even as domestic producers continued ramping up output. For 2025, US LNG exports have reached roughly 15 billion cubic meters. US Energy Information Administration (EIA) data showed utilities withdrew 12 billion cubic feet of natural gas in the week ending November 28, marking the third consecutive weekly decline as seasonal withdrawals began. The withdrawal was slightly below expectations of an 18 bcf drop, reflecting continued strong demand.

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Natural Gas Price History

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.

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.

08.11.2025 - GAS Commodity was down 5.2%

• Natural gas prices dropped by 5.01% to $5.0239 USD/MMBtu.
• Profit-taking after reaching three-year highs caused the retreat in natural gas prices, which had increased by about 70% since mid-October.
• Despite strong export demand and cold weather boosting consumption, higher-than-expected storage data and profit-taking led to the pullback in prices.
• The ongoing phase-out of Russian LNG by European countries and the surge in US LNG exports also influenced market sentiment, contributing to the bearish movement in natural gas prices.

11.11.2025 - GAS Commodity was down 7.5%

• Natural gas prices hit a 5-week low, dropping to $4.23/MMBtu, the lowest since November 2025. This decrease can be attributed to milder weather forecasts through December 23rd, easing demand pressure, and near-record production levels, leading to ample storage and weighing on prices.
• Despite the recent retreat, prices remain close to three-year highs, supported by strong export demand and cold weather in the US. However, profit-taking and the lack of Russian LNG in Europe by 2027 have impacted the market sentiment.
• US LNG exports surged 40% year-on-year in November, reaching 10.7 million tonnes, showcasing the strong demand for natural gas globally. This surge in exports, coupled with robust production levels, has contributed to larger-than-normal inventories and downward pressure on prices.
• The overall market movement reflects a combination of factors such as weather forecasts, production levels, export demand, and geopolitical developments, leading to the bearish trend in natural gas prices today.

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.

09.11.2025 - GAS Commodity was down 5.6%

• Natural gas prices decreased by 5% to around $4.67/MMBtu as milder weather forecasts through December 23rd reduced demand pressure.
• Prices remain close to three-year highs, up approximately 70% since mid-October, supported by strong export demand and cold weather across the US.
• The decision by European countries to phase out Russian LNG by 2027 has influenced the market, contributing to the ongoing avoidance of Russian gas and boosting demand for US LNG exports.
• Robust production levels and ample storage in the US, along with near-record output and larger-than-normal inventories, continue to weigh on natural gas prices despite the seasonal increase in demand.

09.11.2025 - GAS Commodity was down 5.1%

• Natural gas prices dropped significantly to around $4.80/MMBtu, influenced by factors such as milder weather forecasts reducing demand and near-record production levels.
• Ample storage levels also contributed to the bearish movement, along with profit-taking behavior and higher-than-expected storage data.
• Despite reaching three-year highs recently, the market saw a pullback due to these factors, despite strong export demand and cold weather supporting prices.
• The decision by European countries to phase out Russian LNG by 2027 has impacted global dynamics, affecting US producers' export opportunities.