Natural Gas ($GAS) Commodity Forecast: Up 5.5% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation, with its prices heavily influenced by supply and demand dynamics, weather conditions, and storage levels.

Why is Natural Gas going up?

GAS commodity is up 5.5% on Feb 21, 2025 14:21

• Natural gas prices surged to a 25-month high of $4.36/MMBtu, marking a significant bullish movement driven by several factors:
• Cold weather conditions in the US increased heating demand and froze oil and gas wells, leading to supply disruptions.
• Output fell, reaching a four-week low, while gas flows to LNG export plants hit record levels, tightening supply.
• Forecasts of colder-than-normal temperatures through February 22 are expected to sustain high demand for natural gas.
• The rally in gas futures, extending over seven days, pushed prices into technically overbought territory, indicating strong bullish momentum in the market.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Surge to 25-Month High

US natural gas futures jumped nearly 5% to $4.3/MMBtu on Friday, the highest since December 2022, with weekly gains exceeding 16% as cold weather strained supply and boosted demand. Prices surged as an Arctic blast boosted heating demand while freezing oil and gas wells, disrupting production. Forecasts indicate colder-than-normal temperatures across the Lower 48 states through February 22, keeping consumption high. At the same time, output has dropped by 6.7 bcfd over the past 15 days to a four-week low of 100 bcfd on Thursday. Supply constraints worsened as gas flows to LNG export plants hit record levels, averaging 15.5 bcfd in February, up from 14.6 bcfd in January. Daily LNG feedgas set a new record of 16.4 bcfd on Wednesday, exceeding Tuesday’s 16.2 bcfd. Additionally, EIA data showed a larger-than-expected 196 bcf storage draw last week, much higher than the 100 bcf withdrawal in the prior period, further tightening supply.

Natural gas is down by 5.07%

Natural gas decreased 5.07% to 4.0632 USD/MMBtu

US Natgas Prices Edge Down Ahead EIA Data

US natural gas futures eased to $4.24/MMBtu, ahead of a storage report, after a seven day rally that pushed prices to their highest since December 2022. Inventory data from the Energy Information Administration (EIA) is expected to show a 191 bcf draw last week, following a 100 bcf decrease in the previous period. Over the past week, extreme cold increased heating demand and froze oil and gas wells, cutting production. Output has fallen by 6.7 bcfd over the past 13 days, reaching a four-week low of 100.1 bcfd. In addition, forecasters expect colder-than-normal temperatures in the Lower 48 states through February 22, keeping demand high. At the same time, gas flows to LNG export plants have hit record levels, averaging 15.4 bcfd in February, up from 14.6 bcfd in January. Daily LNG feedgas reached an all-time high of 16.2 bcfd on Tuesday, surpassing Monday’s 16.0 bcfd record.

Natgas Futures Surge to 25-Month High on Cold Weather and Supply Disruptions

US natural gas futures jumped over 7% to $4.36/MMBtu, as extreme cold drove up heating demand and disrupted oil and gas output. This marked their highest close since December 2022, extending their winning streak to seven days—the longest since July 2021. The sharp rally pushed prices into technically overbought territory for the second consecutive session. Over the past week, gas futures have soared 29%, boosting stock prices of major US gas producers. Meanwhile, the oil-to-gas ratio fell to 17-to-1, its lowest level since December 2022, highlighting gas’s relative strength. So far in 2025, crude has averaged about 20 times the price of gas, down from 33 times in 2024. Analysts expect colder-than-normal weather to persist through February 22, likely sustaining elevated gas demand.

Natural gas Hits 25-month High

Natural gas increased to a 25-month high of 4.36 USD/MMBtu. Over the past 4 weeks, Natural gas gained 14.62%, and in the last 12 months, it increased 147.25%.

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Natural Gas Price History

31.00.2025 - GAS Commodity was down 5.2%

• Natural gas futures fell to multi-week lows due to warmer-than-expected weather forecasts, reducing heating demand and leading to oversupply concerns.
• The significant gas withdrawal reported, combined with expectations of surplus elimination, added pressure on prices.
• Increasing LNG exports, particularly with the restart of a Texas facility, could contribute to further oversupply in the market.
• The anticipation of a major winter storm impacting the US raised concerns about demand, exacerbating the bearish sentiment in the natural gas market.

18.01.2025 - GAS Commodity was up 5.1%

• Natural Gas prices surged due to forecasts of milder weather and lower heating demand, resulting in decreased production levels and higher LNG exports.
• Extreme cold weather in certain regions caused wells to freeze, temporarily reducing daily gas output, which influenced the bullish price movement.
• Despite a slight retreat from a three-week high, the market sentiment remains positive, with expectations of colder-than-normal temperatures in the upcoming weeks, supporting Natural Gas demand.

21.01.2025 - GAS Commodity was down 5.2%

• Natural gas prices declined by 5.07% to $4.0632/MMBtu.
• The shift in prices today was influenced by profit-taking ahead of an upcoming storage report, after a recent price rally that lasted seven days and drove prices to their highest levels since December 2022.
• It is anticipated that the upcoming energy storage report will show a draw of 191 bcf, while extreme cold weather conditions have increased heating demand and caused disruptions in oil and gas production.
• Notwithstanding the decrease in prices currently, the overall trend for natural gas has been an upward one, with recent highs reached due to persistent cold weather, supply interruptions, and heightened demand from LNG export facilities.

21.01.2025 - GAS Commodity was up 5.5%

• Natural gas prices surged to a 25-month high of $4.36/MMBtu, marking a significant bullish movement driven by several factors:
• Cold weather conditions in the US increased heating demand and froze oil and gas wells, leading to supply disruptions.
• Output fell, reaching a four-week low, while gas flows to LNG export plants hit record levels, tightening supply.
• Forecasts of colder-than-normal temperatures through February 22 are expected to sustain high demand for natural gas.
• The rally in gas futures, extending over seven days, pushed prices into technically overbought territory, indicating strong bullish momentum in the market.

29.00.2025 - GAS Commodity was down 15.6%

• Natural gas prices dropped due to warmer-than-expected weather forecasts for early February, reducing anticipated heating demand.
• The anticipation of a major winter storm expected to impact parts of the US this week led to a further decrease in prices as traders weighed the potential impact on supply and demand.
• Despite significant storage draws, smaller than anticipated, and record-high demand due to frigid temperatures, the market sentiment was influenced by weather forecasts and the operational issues faced by LNG export plants like Freeport LNG's Texas facility.
• The increase in LNG exports and the potential elimination of the gas inventory surplus compared to the five-year average added to the market dynamics, contributing to the bearish movement in natural gas prices.

29.00.2025 - GAS Commodity was down 5.2%

• Natural gas prices hit multi-week lows as warmer weather forecasts for early February reduced heating demand, leading to a bearish market movement.
• The expectation of a significant gas withdrawal for the week ending January 24, potentially eliminating the gas inventory surplus, also contributed to the downward pressure on prices.
• The increase in LNG exports, particularly with the restart of Freeport LNG's Texas facility, added to the bearish sentiment in the market.
• Despite some short-term fluctuations, the overall trend for natural gas remains influenced by weather forecasts and supply-demand dynamics, emphasizing the importance of monitoring these factors for trading decisions.

06.01.2025 - GAS Commodity was up 5.5%

• The bullish movement in Natural Gas prices today can be attributed to forecasts of colder weather increasing heating demand and strong LNG export demand.
• The anticipation of below-normal temperatures and record-high gas withdrawals from storage due to recent extreme cold weather further fueled the bullish sentiment.
• Despite the recent bearish trend in Natural Gas prices due to milder weather forecasts and weaker demand, the current bullish movement seems to be driven by the immediate weather outlook and robust demand from LNG export plants.
• The pause in trade tariffs between certain countries and concerns over disruptions in LNG trade due to tariff actions may have also impacted the market movement.

11.01.2025 - GAS Commodity was up 5.3%

• Natural Gas futures rose significantly above $3/MMBtu due to higher LNG exports and colder weather forecasts, which are expected to boost heating demand.
• The increase in gas flows to LNG export plants, nearing December's record, and predictions of colder-than-normal weather through February 22 are contributing to the bullish trend.
• The larger-than-expected storage draw reported by the EIA and forecasts of below-normal temperatures further support the price surge.
• Despite milder weather forecasts and lower demand this week, the anticipation of increased demand next week and record-high gas withdrawals from storage are driving the bullish momentum in Natural Gas prices.

19.01.2025 - GAS Commodity was up 9.3%

• Natural gas futures surged to a 25-month high of $4.36/MMBtu due to extreme cold weather increasing heating demand and disrupting oil and gas output.
• The sharp rally pushed prices into technically overbought territory, with analysts expecting colder-than-normal weather to sustain elevated gas demand.
• Gas flows to LNG export plants have hit record levels, highlighting the strong demand for natural gas despite some pullback from a three-week high as forecasts indicated milder weather.
• The increase in natural gas prices is also reflected in the oil-to-gas ratio falling to its lowest level since December 2022, emphasizing the relative strength of natural gas in the current market conditions.

19.01.2025 - GAS Commodity was up 14.8%

• Prices for natural gas reached a 4-week high of $4.05/MMBtu, marking a notable increase in recent weeks.
• While there has been some slight easing from a three-week high, attributed to milder weather forecasts and reduced heating demand expectations, the market continues to show strength.
• Various factors, including severe cold weather affecting wells, decreased daily gas production, robust LNG exports, and colder-than-usual temperature predictions, are fueling the bullish trend in the natural gas market.
• The significant withdrawal of natural gas from storage by U.S. utilities signals a tightening supply-demand balance, further backing the upward movement in prices.

19.01.2025 - GAS Commodity was up 12.8%

• Natural gas prices surged towards a two-year high of $4.2/MMBtu as extreme cold weather increased heating demand and froze oil and gas wells, leading to a significant drop in production.
• Forecasts of colder-than-normal temperatures in the Lower 48 states through February 22 kept demand high, while gas flows to LNG export plants hit record levels, indicating strong global demand.
• Despite a slight pullback from a three-week high to around $3.7/MMBtu due to milder weather forecasts, the overall trend remains bullish with investors closely monitoring weather patterns, heating demand, and production levels.
• The ongoing extreme cold weather conditions and the reduction in natural gas inventories by U.S. utilities further supported the bullish sentiment in the natural gas market.

20.01.2025 - GAS Commodity was up 5.4%

• Natural Gas futures surged to a 25-month high of $4.36/MMBtu, driven by extreme cold weather increasing heating demand and disrupting oil and gas output.
• The market witnessed a seven-day winning streak, the longest since July 2021, with prices entering technically overbought territory for the second consecutive session.
• Analysts expect the cold weather to persist, sustaining elevated gas demand, while record levels of gas flows to LNG export plants further supported the bullish momentum.
• The sharp rally in Natural Gas prices also impacted major US gas producers positively, with the oil-to-gas ratio falling to its lowest level since December 2022, highlighting the relative strength of gas in the current market conditions.