Natural Gas ($GAS) Commodity Forecast: Up 2.9% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation. Its price is influenced by various factors such as supply and demand dynamics, weather conditions, and geopolitical events.

Why is Natural Gas going up?

GAS commodity is up 2.9% on May 27, 2026 0:00

• 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.

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US Natgas Prices Edge Up

US natural gas futures rose around 2% to $2.96 per MMBtu as producers reduced output over the US holiday weekend and more domestic supply was redirected to LNG export terminals along the Gulf Coast. Estimated gas flows to LNG facilities reached about 18.4 billion cubic feet per day on Tuesday, up nearly 9% from the previous week, as several export plants returned from seasonal maintenance that had temporarily redirected supply into the domestic market. Average gas production in the Lower 48 states slipped to 109.4 billion cubic feet per day so far in May, down from 109.8 billion in April. Lower output and firmer demand in recent weeks likely reduced the storage surplus to around 6% above normal, compared with roughly 7% the week before. However, below average temperatures are expected across California through May 30 and in the Eastern US from May 31 to June 4, potentially reducing air conditioning demand and allowing more gas to flow into storage.

US Natural Gas Prices Hover Near 1-Week Low

US natural gas futures rose to $2.93 per MMBtu but remained near a one-week low as a milder weather outlook and rising inventories continued to weigh on prices. Temperatures are forecast to stay largely near seasonal norms through early June, reducing expectations for stronger power-sector demand. The latest EIA report showed energy firms injected 101 bcf of gas into storage in the week ending May 15, larger than market expectations for a 95-bcf build and the five-year average increase of 92 bcf for the same period, reinforcing concerns about ample supply. Weaker feedgas demand from export facilities added further pressure, with flows to major US terminals declining from a record 18.8 bcfd in April to around 17.0 bcfd in May due to seasonal maintenance at plants including Golden Pass LNG and Freeport LNG. Still, some positive sentiment emerged after reports indicated that three US LNG cargoes are expected to arrive in China in June, the first such deliveries since February 2025.

US Natural Gas Prices Decline

US natural gas futures fell below $3.0 per MMBtu, retreating from two-month highs, pressured by elevated storage levels. The EIA report showed energy firms injected 101 bcf of gas into storage for the week ended May 15, above market expectations for a 95-bcf build and the five-year average increase of 92 bcf for the period. Additional pressure came from softer LNG export activity. Flows to major US LNG export facilities declined from a monthly record of 18.8 bcfd in April to around 17.0 bcfd so far in May, due to seasonal maintenance at facilities including Golden Pass LNG and Freeport LNG. However, losses were partly limited by forecasts pointing to mostly warmer-than-normal weather through early June, which is expected to increase cooling demand and boost gas consumption from the power sector. Supportive signals also emerged from reports that three US LNG cargoes are scheduled to arrive in China in June, marking the first such shipments since February 2025.

Natural Gas Rebounds Toward 2-Month High

US natural gas futures rose to $3.05 per MMBtu on Thursday, not far from the highest level in two months as escalating geopolitical tension in the Middle East prolonged the view of no exports from the region. Reports indicated that Iran's Supreme Leader ordered the IRGC to keep uranium reserves in territory, defying requests from the US for an agreement to prolong the blockade from both countries on flows of liquified natural gas from the region. The escalation also threatened fresh attacks in energy facilities in GCC countries, with with Ras Laffan infrastructure in Qatar still damaged by Iranian strikes in March. The development continued to underpin demand for US LNG in Europe and Asia, aligned with the surge in prices for in their receiving hubs. Still, new data showed that domestic gas inventories rose by 101 billion cubic feet last week, more than expected.

US Natgas Prices Rebound

US natural gas futures rose to $3.03 per MMBtu on Thursday after falling 3.5% in the previous session as the intense heat affecting the Mid-Atlantic region is expected to subside. Milder weather conditions are forecast through the long Memorial Day holiday weekend and over the next week, which is likely to curb gas demand following unusually high temperatures earlier this week. In addition, flows to major US LNG export facilities have declined from a monthly record of 18.8 bcfd in April to around 17.0 bcfd so far in May, amid seasonal maintenance at plants including Golden Pass and Freeport LNG. Market participants now await the storage report, which is expected to show a near-normal injection of 96 Bcf for the past week. In other developments, three US LNG vessels are reportedly scheduled to arrive in China in June, the first such shipments since February 2025.

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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.

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.

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.

23.02.2026 - GAS Commodity was down 5.1%

• Natural gas futures dropped by over 5.5% to $2.92 per MMBtu due to milder weather forecasts leading to weaker demand for heating and power generation.
• Prices were also pushed lower by a broader energy selloff after mentions of efforts to end the war in Iran, causing declines in oil and energy futures.
• The ample inventories and limited short term exposure to global markets, along with geopolitical tensions, have contributed to the relative stability of US gas prices despite ongoing conflicts.
• The bearish movement was further worsened by a 35 billion cubic feet increase in storage, indicating a decrease in heating demand as the winter season comes to an end.

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.

24.02.2026 - GAS Commodity was down 5.1%

• Natural gas futures experienced a bearish movement due to warmer weather forecasts leading to reduced heating demand.
• Prices were also impacted by broader energy selloffs and geopolitical tensions, such as talks about ending conflicts in certain regions, influencing oil prices and energy futures.
• Global supply conditions played a role in the market movement, with disruptions in LNG exports from key regions due to escalating tensions in certain areas.
• Despite regional oversupply, tightening global markets amid geopolitical events and potential changes in oil sanctions could stabilize prices in the near term.

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.