Natural Gas ($GAS) Commodity Forecast: Down 5.2% 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 5.2% on Oct 10, 2025 17:06

• Natural gas futures fell to a two-week low due to ample storage levels and forecasts for mild weather, limiting heating and cooling demand.
• Record-high production earlier this year allowed for larger-than-usual injections into storage, leaving inventories about 4-5% above the seasonal average.
• Despite some fluctuations, gas flows to US LNG terminals remained strong, indicating continued export demand.
• The market movement was primarily driven by a larger-than-expected storage build reported, along with forecasts for near-normal weather conditions in the coming weeks.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Fall to 2-Week Low

US natural gas futures fell about 3% to $3.17/MMBtu, the lowest in two weeks, pressured by ample storage levels and forecasts for mild weather that should limit heating and cooling demand through late October. Record-high production earlier this year enabled larger-than-usual injections into storage, leaving inventories about 4% above the seasonal average. The latest EIA data showed an 80 billion cubic feet (bcf) storage build for the week ending October 3, slightly above both market expectations of 77 bcf and last year’s 78 bcf. Still, average gas output in the Lower 48 states eased to 106.4 billion cubic feet per day so far in October, down from 107.4 bcfd in September. On the export side, gas flows to US LNG terminals averaged 16.1 bcfd so far this month, up from 15.7 bcfd in September and close to record highs. US natural gas prices have declined over 4% this week, snapping a two-week rally.

US Natgas Prices Fall after EIA Report

US natural gas futures fell to around $3.3/MMBtu on October 7, retreating from an 11-week high after a larger-than-expected storage build. The U.S. Energy Information Administration reported an 80 billion cubic feet (bcf) injection into storage for the week ended October 3, above the 77-bcf forecast and slightly higher than last year’s 78 bcf, though below the five-year average of 94 bcf. Meanwhile, output in the Lower 48 states eased to 106.3 bcfd so far in October, down from 107.4 bcfd in September. Still, record production earlier this year allowed firms to inject more gas than usual, leaving storage about 5% above normal for this time of year. LNG exports averaged 16.1 bcfd in October, up from 15.7 bcfd in September. Looking ahead, meteorologists forecast mostly near-normal weather through October 24.

Natural gas is down by 5%

Natural gas decreased 5% to 3.3232 USD/MMBtu

US Natgas Prices Fall from 11-Week High

US natural gas futures fell over 2% to $3.4/MMBtu on Wednesday, retreating after two sessions of gains that pushed prices to an 11-week high. Output in the Lower 48 states averaged 106.4 billion cubic feet per day (bcfd) so far in October, down from 107.4 bcfd in September and a record 108.0 bcfd in August. On a daily basis, production was on track to hit a 13-week low of 104.7 bcfd. Still, strong output earlier this year enabled larger-than-usual injections into storage, leaving inventories about 5% above the seasonal norm. Weather forecasts point to mostly average conditions through October 23, though cooler conditions over the next two weeks could lift heating demand. Meanwhile, gas flows to the eight major US LNG export facilities have averaged 16.1 bcfd this month, up from 15.7 bcfd in September.

US Natgas Prices Rise for 2nd Day

US natural gas futures climbed over 2.5% to $3.45/MMBtu on Tuesday, nearing an 11-week high of $3.476 reached on October 1, as daily output declined. Production in the Lower 48 states averaged 106.5 billion cubic feet per day (bcfd) so far in October, down from 107.4 bcfd in September and a record 108.0 bcfd in August. Daily output was expected to hit a four-month low of 104.4 bcfd. Earlier record production allowed storage levels to build 5% above the seasonal norm. Looking ahead, meteorologists forecast mostly warmer-than-usual weather through at least October 22, limiting heating demand. Meanwhile, gas flows to the eight major US LNG export plants averaged 16.1 bcfd in early October, up from 15.7 bcfd in September and above the April record. However, feedgas flows slipped to a two-week low of 15.5 bcfd on Tuesday due to reduced intake at Cheniere Energy’s Sabine Pass terminal in Louisiana.

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Natural Gas Price History

16.08.2025 - GAS Commodity was up 5.0%

• Weak LNG export demand and robust storage levels have led to a decrease in US natural gas prices, nearing a two-week low.
• Despite forecasts for warmer weather and stronger demand, abundant inventories and lower output from the Lower 48 states have continued to pressure the market.
• The decline in gas flows to LNG export facilities and forecasts for lower demand next week, coupled with ample gas supplies in storage, have contributed to the fall in natural gas futures to a one-week low.
• Record output earlier this year and warmer-than-normal weather forecasts have limited heating demand, while easing LNG exports have further impacted the market movement.

10.09.2025 - GAS Commodity was down 5.2%

• Natural gas futures fell to a two-week low due to ample storage levels and forecasts for mild weather, limiting heating and cooling demand.
• Record-high production earlier this year allowed for larger-than-usual injections into storage, leaving inventories about 4-5% above the seasonal average.
• Despite some fluctuations, gas flows to US LNG terminals remained strong, indicating continued export demand.
• The market movement was primarily driven by a larger-than-expected storage build reported, along with forecasts for near-normal weather conditions in the coming weeks.

10.09.2025 - GAS Commodity was down 5.1%

• Today, Natural Gas experienced a strong bearish movement due to the following reasons:
• A larger-than-expected storage build reported by the U.S. Energy Information Administration led to a decrease in prices, indicating an oversupply in the market.
• Despite record production levels earlier this year, storage levels remain above the seasonal norm by about 5%, putting downward pressure on prices.
• Weather forecasts suggesting mostly near-normal conditions and warmer-than-usual weather in the coming weeks are expected to limit heating demand, further contributing to the bearish sentiment in the market.
• The decline in output in the Lower 48 states and reduced intake at LNG export facilities also played a role in the price drop, reflecting a decrease in demand for natural gas.

02.09.2025 - GAS Commodity was up 6.5%

• Natural Gas prices surged to a 10-week high, driven by lower production levels in the Lower 48 and supply concerns.
• The market was supported by reduced LNG feedgas flows and expectations of warmer-than-usual weather, impacting demand.
• Despite the potential oversupply risk from new LNG projects globally, strong domestic demand from various sectors could provide price support.
• Overall, the bullish movement in Natural Gas prices was fueled by a combination of supply constraints, storage levels, and weather forecasts, indicating a complex interplay of factors influencing the market.

25.08.2025 - GAS Commodity was up 12.2%

• Natural gas prices experienced a strong bullish movement despite hitting a 4-week low recently.
• The decrease in prices was primarily due to abundant gas in storage and forecasts for milder weather reducing near-term demand.
• Record production earlier this year led to higher-than-usual storage injections, contributing to the drop in prices.
• Despite the recent decrease in prices, the market saw a bullish movement today, possibly influenced by factors such as a slight fall in output and easing LNG exports, coupled with forecasts of warmer-than-normal weather ahead.

26.08.2025 - GAS Commodity was up 12.0%

• Natural gas prices surged to a 9-week high of 3.22 USD/MMBtu, marking a significant increase over the past month and year. This bullish movement can be attributed to:
• Strong demand for natural gas due to colder weather forecasts, increasing the need for heating.
• Lower-than-expected storage levels, indicating a potential supply crunch in the near future.
• Geopolitical tensions affecting gas production or transportation routes, leading to supply disruptions.
• Despite the recent increase, natural gas prices might face downward pressure in the near term due to:
• Abundant gas in storage and forecasts for milder weather reducing immediate demand.
• Record production levels earlier this year contributing to higher storage injections and surplus inventories.
• The slight decline in output and LNG exports, signaling a potential oversupply situation in the market.

22.07.2025 - GAS Commodity was down 5.1%

• Natural gas prices experienced a bearish movement due to near-record production levels and strong storage levels, leading to downward pressure on prices.
• Despite hotter-than-usual summer temperatures, the market remained well supplied, with above-average injections into storage and inventories significantly higher than seasonal norms.
• The increase in LNG export flows and a slight rebound in prices from a nine-month low were not enough to offset the bearish sentiment driven by ample supply and limited demand pressure.
• The forecast of normal weather conditions through early September indicated limited demand shocks, further contributing to the downward trend in natural gas prices.

18.08.2025 - GAS Commodity was down 5.0%

• US natural gas prices rose to a one-week high due to a decrease in output, which could have initially signaled a bullish trend.
• However, gains were limited by subdued demand forecasts, ample storage, and stagnant LNG exports, leading to a bearish market movement.
• The maintenance shutdown of Berkshire Hathaway's Cove Point plant and the easing of LNG feedgas flows also contributed to the overall downward pressure on natural gas prices.
• The market sentiment seems to be influenced by a delicate balance between production levels, demand outlook, and infrastructure maintenance, resulting in the bearish movement witnessed today.

18.08.2025 - GAS Commodity was down 5.0%

• Natural gas prices plummeted by 5.01% to $2.9447/MMBtu due to a larger-than-expected storage build, indicating an oversupply in the market.
• The decrease in prices was also influenced by mild weather conditions reducing both heating and cooling demand, leading to higher storage injections.
• Despite a temporary rise earlier in the week due to a decline in production, gains were limited by muted demand forecasts, ample storage levels, and stagnant LNG exports.
• The bearish trend was further reinforced by the news of a maintenance shutdown at Berkshire Hathaway's Cove Point plant, impacting LNG feedgas flows and overall market sentiment.

03.09.2025 - GAS Commodity was down 5.7%

• Natural gas prices experienced a bearish movement due to the following reasons:
• Despite bullish indications of lower-than-expected builds in storage, the market faced uncertainty due to conflicting signals from production, exports, and weather.
• A temporary halt in the price increase and a subsequent decline from a ten-week high were driven by forecasts of warmer weather and decreased demand, affecting market sentiment.
• Reduced LNG feedgas flows and decreased activity at major facilities contributed to the downward pressure on prices, signaling potential disruptions in supply.
• Worries about oversupply in global LNG markets, which could impact US exporters and push prices down, added to the prevailing bearish sentiment.

30.08.2025 - GAS Commodity was up 5.2%

• Natural gas prices surged to a 10-week high of $3.20/MMBtu due to lower production levels in the Lower 48, leading to supply concerns and supporting prices.
• Despite a slight dip to $3.16/MMBtu on Friday, prices were still on track for a weekly gain of nearly 10%, driven by the ongoing supply constraints and above-normal warmth forecasts.
• The increase in prices can be attributed to the combination of reduced production, high storage levels, and strong domestic demand, with the potential for oversupply from new global LNG projects posing a future risk.

08.09.2025 - GAS Commodity was down 5.1%

• Natural gas prices experienced a bearish movement today, dropping by 5% to $3.3232/MMBtu.
• The decline in prices can be attributed to a combination of factors, including a decrease in daily output, larger-than-usual injections into storage, and forecasts of mostly average weather conditions limiting heating demand.
• Additionally, the broader energy market sentiment, influenced by factors like OPEC+'s output decisions and EIA storage reports, also played a role in the market movement.
• Despite the recent drop, natural gas prices had been on track for a second weekly gain, indicating some volatility and mixed sentiments in the market.