Natural Gas ($GAS) Commodity Forecast: Up 5.4% Today

What is Natural Gas?

Natural Gas is widely used for heating and electricity generation. Today, the market movement for Natural Gas was bullish, suggesting increased demand or reduced supply.

Why is Natural Gas going up?

GAS commodity is up 5.4% on Jun 16, 2026 9:50

• The bullish shift in Natural Gas prices was propelled by a resurgence in LNG export activity and anticipated heightened cooling demand with temperatures expected to rise in early July.
• On the contrary, the bearish trend in prices was affected by a larger-than-anticipated storage buildup, above-average warm weather forecasts, and decreased US LNG export volumes due to maintenance at critical facilities.
• The market appears to be quite responsive to supply-demand dynamics, with prices reflecting changes in export activity, storage levels, and weather predictions.
• In essence, Natural Gas price fluctuations demonstrate a fragile equilibrium between supply conditions, demand projections, and external influences like geopolitical events impacting energy markets.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Hold Gains

US natural gas prices hovered around $3.14 per MMBtu on Tuesday after settling 0.9% higher in the previous session, supported by signs of a rebound in LNG export activity. Flows to LNG export terminals increased 13.2% week-on-week on Monday, reaching a six-week high of 19.3 billion cubic feet per day. Expectations of stronger cooling demand as temperatures rise into early July also supported prices, as this typically lifts power-sector gas consumption. However, gains remain capped by strong domestic supply conditions. US natural gas inventories stood at 2.686 trillion cubic feet as of June 5, about 6% above the five-year seasonal average.

US Natgas Prices Decline

US natural gas prices fell 2% to around $3.0 per MMBtu, their lowest level in nearly three weeks, tracking broader declines across energy markets following a US–Iran peace deal. Both sides confirmed they have reached an agreement to end their war, with President Donald Trump stating that Washington will end its naval blockade of Iranian ports and that the Strait of Hormuz, a key chokepoint for a fifth of the world’s oil and LNG supplies, will reopen once the agreement is formally signed on Friday. Additional downward pressure came from strong domestic supply conditions. US gas inventories have risen to 2.686 trillion cubic feet, around 6% above the five-year seasonal average, signaling a well-supplied market. However, losses may be limited by improving demand prospects, with a recovery in LNG exports, along with forecasts for higher cooling demand as temperatures rise into early July.

US Natgas Prices Fall to Over 2-Week Low

US natural gas prices fell more than 3% to below $3.10/MMBtu on Thursday, hitting the lowest level in over two weeks after a larger-than-expected storage build. The EIA reported that US energy firms added 108 billion cubic feet of gas to storage last week, above forecasts of 101 bcf. Total inventories rose to 2.686 trillion cubic feet, around 6% above the five-year average, signaling ample supply. Warmer-than-normal weather is expected through June 26, which could boost gas demand from power generators. Meanwhile, average US LNG export flows fell to 16.5 bcfd in June from 17.1 bcfd in May due to maintenance at plants including Golden Pass LNG and Freeport LNG in Texas. US Lower 48 gas production also declined to 109.0 bcfd in June from 109.7 bcfd in May.

US Natural Gas Prices Edge Up

US natural gas prices edged up to $3.19 per MMBtu, supported by forecasts for above-normal temperatures in the second half of June, which are expected to boost cooling demand. However, prices remain below the recent highs seen earlier in the month. According to LSEG, average gas production in the US Lower 48 has eased to 108.8 billion cubic feet per day in June, down from 109.7 bcfd in May. While the decline in output has helped narrow the storage surplus, inventories remain about 5% above the five-year seasonal average, pointing to broadly comfortable supply conditions heading into the summer. Meanwhile, net flows to major LNG export terminals have fallen to 16.3 bcfd so far in June from 17.1 bcfd in May, as seasonal maintenance at facilities including Golden Pass and Freeport LNG in Texas continues to weigh on export volumes.

Trending Today

ON Semiconductor Corporation ($ON) Stock Forecast: Down 5.8% Today

Lam Research Corporation ($LRCX) Stock Forecast: Down 5.0% Today

Hims & Hers Health Inc. ($HIMS) Stock Forecast: Up 6.5% Today

Stellantis NV ($STLA) Stock Forecast: Down 5.3% Today

Crude Oil ($CRUDE) Commodity Forecast: Down 5.6% Today

Monolithic Power Systems Inc. ($MPWR) Stock Forecast: Down 6.8% Today

Corning Incorporated ($GLW) Stock Forecast: Down 5.0% Today

Skyworks Solutions Inc. ($SWKS) Stock Forecast: Down 5.1% Today

Cboe Global Markets Inc. ($CBOE) Stock Forecast: Down 8.8% Today

Credo Technology Group ($CRDO) Stock Forecast: Down 5.7% Today

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.

16.05.2026 - GAS Commodity was up 5.4%

• The bullish shift in Natural Gas prices was propelled by a resurgence in LNG export activity and anticipated heightened cooling demand with temperatures expected to rise in early July.
• On the contrary, the bearish trend in prices was affected by a larger-than-anticipated storage buildup, above-average warm weather forecasts, and decreased US LNG export volumes due to maintenance at critical facilities.
• The market appears to be quite responsive to supply-demand dynamics, with prices reflecting changes in export activity, storage levels, and weather predictions.
• In essence, Natural Gas price fluctuations demonstrate a fragile equilibrium between supply conditions, demand projections, and external influences like geopolitical events impacting energy markets.

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.

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.