Natural Gas ($GAS) Commodity Forecast: Down 5.0% 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.

Why is Natural Gas going down?

GAS commodity is down 5.0% on Apr 24, 2025 15:01

• 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.

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Natural gas Hits 22-week Low

Natural gas decreased to a 22-week low of 2.95 USD/MMBtu. Over the past 4 weeks, Natural gas lost 23.51%, and in the last 12 months, it increased 49.32%.

Natural Gas Drops to 5-Month Low

US natural gas futures fell to $3.0/MMBtu, the lowest in five months, and tracking the decline gas prices in major hubs across Europe and Asia amid ample supply and uncertain demand due to macroeconomic headwinds. New data showed that domestic gas production in the Lower 48 states rose to 106.6 billion cubic feet per day so far in April, a record high. This coincided with warmer-than-usual temperatures in the period that are expected to remain until early May, reducing demand for gas-intensive heating as northern states transition away from the winter season. In the meantime, macroeconomic headwinds in China due to the ongoing trade war with the US drove imports of LNG to plunge by 20% from the previous month, and lower coal prices drove India to pare LNG consumption.

US Natgas Prices Fall to 11-Week Low

US natural gas futures dropped over 5% to $3.0/MMBtu, the lowest since late January, as record production and forecasts for milder weather reduced expectations for demand. Output in the Lower 48 states hit new highs in April, with daily production peaking at 108 bcfd. Also, warmer-than-usual temperatures are expected through early May, lowering heating needs and allowing more gas to be stored. At the same time, uncertainty over President Trump’s shifting tariff policies has raised concerns about slower global growth and weaker energy demand. Still, gas exports remain strong, with LNG flows hitting a record 16.1 bcfd this month, boosted by increased activity at a major export facility under construction in Louisiana.

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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.

07.03.2025 - GAS Commodity was up 5.1%

• Natural gas futures rose to a two-week high of $4.15/MMBtu due to lower production and higher demand forecasts, indicating a positive sentiment in the market.
• The increase in gas prices was supported by expectations of a decline in daily gas output and an uptick in demand, including exports, which contributed to the bullish movement.
• Despite fears of a global recession and concerns over new tariffs impacting economic growth, the rise in natural gas prices was driven by fundamental factors such as production levels and demand forecasts, showcasing the resilience of the commodity market in the face of external uncertainties.

02.03.2025 - GAS Commodity was down 5.0%

• Today's decline in natural gas prices is attributed to record production levels and forecasts of warmer weather, which lower demand expectations.
• Increased daily output and above-average temperatures until mid-April are expected to maintain low demand, enabling utilities to store excess gas, impacting prices negatively.
• The elevated flows to LNG export facilities, notably from the Plaquemines LNG plant in Louisiana, are also contributing to the bearish sentiment in the market.
• In summary, the bearish movement in natural gas prices can be explained by high production levels, reduced demand expectations due to mild weather forecasts, and increased export quantities.

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 5.8%

• Natural gas futures dropped due to global recession fears stemming from new tariffs imposed by a prominent figure, leading to concerns about reduced demand.
• Despite a slight increase in production and record-high LNG exports, the market sentiment was primarily influenced by the negative impact of tariffs on US exports.
• Ongoing trade tensions between two major economies, coupled with fears of a global economic slowdown, contributed to the bearish movement in natural gas prices.
• Investors are closely monitoring supply-demand dynamics and weather forecasts, with temperatures expected to remain near normal, impacting near-term demand for 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.

01.03.2025 - GAS Commodity was down 5.2%

• Natural gas prices dropped to a 5-week low of $3.81/MMBtu, marking a 3.52% decrease over the past 4 weeks.
• Record high output and forecasts for milder weather contributed to the decline in prices.
• Despite expectations of a rise in gas stockpiles in March, they remain below normal levels due to heavy winter withdrawals.
• The resumption of operations at Freeport LNG's Texas export plant did not prevent the drop in prices, as lower demand is anticipated in the coming weeks.

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.

04.03.2025 - GAS Commodity was down 6.8%

• The bearish movement in natural gas prices today can be attributed to record production levels and forecasts for lower demand due to milder weather conditions, allowing utilities to add gas to storage.
• The ongoing trade tensions between the US and China, with China imposing tariffs on US goods, have fueled fears of a global recession, leading to sharp declines in energy markets, including natural gas.
• Despite record flows to LNG export plants and a decrease in daily output, the overall market sentiment was bearish due to the combination of high production levels and lower demand expectations.
• Investors are closely monitoring supply and demand trends, as well as weather forecasts, to gauge the future direction of natural gas prices amidst the current market uncertainties.

04.03.2025 - GAS Commodity was down 5.2%

• Natural gas futures fell due to record production levels and forecasts for milder weather, reducing demand expectations.
• Despite lower production and higher demand forecasts, the market saw a decrease in prices as utilities were expected to add gas to storage due to warmer-than-normal temperatures.
• The record output and lower demand expectations led to a drop in prices, even as LNG exports hit record highs, indicating a complex interplay of factors influencing the market movement.
• Overall, the bearish movement in the natural gas market today can be attributed to the balance between production levels, demand forecasts, and weather conditions impacting storage and consumption patterns.