Natural gas Hits 17-month Low
Natural gas decreased to 2.71 USD/MMBtu, the lowest since November 2024. Over the past 4 weeks, Natural gas lost 12.89%, and in the last 12 months, it decreased 28.78%.
Morpher AI a identifié un signal baissier. Le prix de marchandise pourrait continuer à baisser en fonction de l'élan des mauvaises nouvelles.
GAS marchandise a baissé de 5.1% le Avr 8, 2026 13:58
Natural gas decreased to 2.71 USD/MMBtu, the lowest since November 2024. Over the past 4 weeks, Natural gas lost 12.89%, and in the last 12 months, it decreased 28.78%.
US natural gas futures rebounded more than 2% to $2.87 per MMBtu on Tuesday, supported by a drop in daily output, with production falling by around 3 bcfd over the past two days to a two week low of 108.9 bcfd, largely due to declines in Louisiana and Arkansas. Despite the uptick, prices remain near their lowest levels since September 2025 as mild spring weather continues to weigh on demand. Softer temperatures have allowed utilities to inject more gas into storage, with inventories projected to stand about 5% above seasonal norms in early April. Forecasts point to continued warmer than average conditions through April 22, further limiting heating demand. Supply pressures are also easing as LNG feedgas flows slipped to a four week low of 17.9 bcfd on Tuesday, mainly due to reduced deliveries to Cheniere Energy’s Sabine Pass facility, even as overall April flows remain elevated.
US natural gas futures rose to $2.84 per MMBtu on Monday but remained close to their lowest level since August 2025, as mild spring weather continued to suppress demand and allow storage levels to build. The latest EIA data showed a 36 Bcf injection for the week ending March 27, compared with a five-year average withdrawal of 4 Bcf. Meanwhile, President Donald Trump on Sunday issued an ultimatum to Iran, threatening to strike Iranian oil facilities and other civilian infrastructure if the Strait of Hormuz is not reopened. Tehran, however, rejected the demand, heightening fears of prolonged supply disruptions. Despite the tensions, US natural gas remain largely insulated from an overseas supply shock, as domestic export terminals are already operating near maximum capacity.
US natural gas futures dropped below $2.81 per MMBtu, approaching their lowest level since August 2025, after the EIA reported a slightly larger-than-expected storage build. Energy companies injected 36 billion cubic feet (bcf) of gas into storage last week, compared with 30 bcf during the same week in 2025 and a five-year average withdrawal of 4 bcf. Total inventories rose to 1.865 trillion cubic feet, about 5.4% higher than a year ago and roughly 3% above the five-year average. Meanwhile, reports indicated that Iran is drafting a protocol with Oman to monitor traffic through the Strait of Hormuz, citing Iran’s Deputy Foreign Minister Kazem Gharibabadi. The development comes after a speech by President Donald Trump offered no clear path toward ending the Middle East conflict, leaving markets cautious. Despite the tensions, US gas prices remain relatively stable due to strong production, ample inventories, and limited short-term exposure to global markets.
US natural gas futures rose to $2.86 per MMBtu, rebounding from a more than six-month low, tracking broader gains across energy markets as hopes for a swift resolution to the Middle East war faded. President Donald Trump said the US is “nearing completion” on achieving strategic objectives in Iran but provided little clarity on the pathway to end hostilities. He also warned of severe military action against Iran over the next two to three weeks. However, price gains were tempered by the onset of the spring shoulder season, when heating demand typically declines, and storage levels increase. Weather forecasts point to above-average temperatures across the eastern US into early April and again around mid-April, reducing gas consumption. Markets now expect a faster rise in inventories, widening from a small surplus in mid-March to a larger surplus by mid-April.
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