Natural Gas ($GAS) Commodity Forecast: Up 14.1% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation, with its price being influenced by various factors such as weather conditions, production levels, and demand for LNG exports.

Why is Natural Gas going up?

GAS commodity is up 14.1% on Jan 30, 2026 17:01

• Natural gas prices surged by 5.04% to $3.92 per MMBtu, driven by a combination of factors:
• 1. Increased flows to LNG export plants, including the return of a liquefaction train at Freeport LNG in Texas, boosting demand and tightening market conditions.
• 2. Despite forecasts for milder weather and lower heating demand, colder than normal conditions expected through mid-February supported consumption expectations.
• 3. The market reacted positively to a larger than expected storage draw, stronger demand outlook, and recovering production levels, highlighting the ongoing tightness in supply despite the rebound in output from frozen wells.
• 4. The volatility in price action was influenced by mixed weather forecasts and the market's sensitivity following a historic weather-driven rally, keeping traders on edge and contributing to the bullish movement in natural gas prices.

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US Natgas Prices Climb on Rising LNG Flows

US natural gas futures rose 7% to $4.10 per MMBtu on Friday as flows to liquefied natural gas export plants increased, including the likely return of a liquefaction train at Freeport LNG in Texas. LNG feedgas was on track to rise for a fourth day in a row to 17.9 bcfd after dropping to a one-year low of 11.5 bcfd earlier this week due to winter storm disruptions. The price gain came despite forecasts for milder weather and lower heating demand over the week, as well as a rebound in US output from frozen wells. Average production in the Lower 48 states fell to 106.2 bcfd in January, down from a record 109.7 bcfd in December, though daily output was rising for a fifth day to 105.7 bcfd after a two-year low of 92.5 bcfd on Sunday. Weather is expected to remain colder than normal through February 14. Futures were on track for a 14% gain in January following a 23% decline last month.

US Natgas Prices Little Changed on Friday

US natural gas futures were around $3.9/MMBtu as a larger than expected storage draw and stronger demand outlook offset still recovering production. The Energy Information Administration reported a 242 billion cubic feet withdrawal for the week to January 23, above forecasts and well above the five year average, after an Arctic blast boosted heating demand. Weather forecasts now point to colder than normal conditions through mid February, supporting consumption expectations even if temperatures are less extreme than late January. Production remains below recent highs, with average January output down from December records, although daily supply is gradually recovering as frozen wells return. Support also came from rising gas flows to LNG export plants after storm related disruptions earlier in the week. Some companies even imported gas into the US to take advantage of elevated prices, highlighting how tight market conditions remain despite the modest rebound in supply.

US Natgas Prices Edge Up

US natural gas futures edged up about 1% on Thursday as a larger than expected storage draw and stronger demand outlook offset still recovering production. The Energy Information Administration reported a 242 billion cubic feet withdrawal for the week to January 23, above forecasts and well above the five year average, after an Arctic blast boosted heating demand. Weather forecasts now point to colder than normal conditions through mid February, supporting consumption expectations even if temperatures are less extreme than late January. Production remains below recent highs, with average January output down from December records, although daily supply is gradually recovering as frozen wells return. Support also came from rising gas flows to LNG export plants after storm related disruptions earlier in the week. Some companies even imported gas into the US to take advantage of elevated prices, highlighting how tight market conditions remain despite the modest rebound in supply.

US Natgas Prices Rises on Thursday

US natural gas futures rose more than 3% to $3.85 per MMBtu after two volatile sessions, as mixed weather forecasts kept demand expectations uncertain. Commodity Weather Group showed slightly colder conditions in the eastern US for the first week of February, followed by somewhat warmer weather in the northern states the following week. Gas inventories are estimated to have fallen by more than 230 billion cubic feet last week, above the five-year average withdrawal of 208 bcf, though stocks are still seen about 5.4% above the five-year average ahead of the EIA storage report due Thursday. US gas production rebounded to about 102.1 bcfd on Wednesday as output returned following storm-related disruptions that had taken more than 15% of supply offline over the weekend. The market remains sensitive after a historic weather-driven rally that caught traders off guard, keeping price action volatile.

Natural gas is up by 5.04%

Natural gas increased 5.04% to 3.9201 USD/MMBtu

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Natural Gas Price History

26.00.2026 - GAS Commodity was down 5.4%

• Natural gas prices saw a significant pullback today after a series of record-breaking rallies in response to a historic winter storm sweeping across the US.
• The bearish movement could be attributed to traders reassessing their positions and profit-taking after the recent sharp price increases.
• Despite the pullback, the overall trend remains bullish due to the ongoing cold wave, disruptions in supply, and heightened heating demand, indicating potential volatility and further price fluctuations in the near term.

26.00.2026 - GAS Commodity was up 7.3%

• Natural gas prices surged above $7/MMBtu, marking a significant increase driven by a historic winter storm disrupting supply and increasing heating demand.
• The extreme cold weather in the US led to nearly 10% of natural gas production being knocked offline, while heating and power demand soared, pushing prices higher.
• With production disruptions and concerns about ice forming in pipelines, the market is closely monitoring how long these challenges will persist, potentially leading to further upside in prices.
• The rally in natural gas prices, with significant gains over the past week, reflects the impact of weather-related events on supply and demand dynamics, highlighting the volatility of commodity markets in response to external factors.

22.00.2026 - GAS Commodity was up 19.5%

• Natural gas prices surged to multi-year highs due to colder weather forecasts across the US, leading to increased heating demand and potential production losses from freeze offs.
• The Arctic freeze across much of the country, with temperatures expected to run well below normal, has heightened concerns about supply disruptions and storage surplus erasure.
• The redirection of gas flows from LNG export facilities to meet domestic demand further tightened the market, contributing to the bullish momentum in natural gas prices.
• The sustained rally in natural gas prices is a reflection of the market's response to the extreme weather conditions and the potential impact on supply chains and energy infrastructure.

22.00.2026 - GAS Commodity was up 15.6%

• Natural Gas prices surged to historic levels as extreme cold forecasts in the US boosted heating demand expectations and raised supply risks due to potential freeze-offs, leading to a significant increase in prices.
• The deep freeze across two-thirds of the country, with temperatures expected to remain well below normal, is driving residential and commercial consumption to near record levels, further supporting the bullish momentum in Natural Gas prices.
• The sustained rally in Natural Gas prices is also fueled by concerns of production losses from freeze-offs in key regions like Appalachia, Permian, and Haynesville basins, along with the diversion of gas flows from LNG export facilities to meet domestic demand, highlighting the tight supply-demand balance in the market.
• Overall, the surge in Natural Gas prices to multi-year highs is a result of a perfect storm of extreme weather conditions, increased heating demand, potential supply disruptions, and the market's reaction to these factors, creating a bullish sentiment among traders and investors.

27.00.2026 - GAS Commodity was down 13.2%

• Natural gas futures experienced a strong bearish movement today, dropping over 7% to $6.27 per MMBtu after a significant rally in the previous sessions.
• Warmer forecasts and the return of some frozen wells to service contributed to the price decline, as well as projections of slightly less severe cold in certain regions.
• Despite the pullback, supply risks remain elevated with ongoing weather-driven supply disruptions and power emergencies being declared in certain regions, highlighting the volatility and sensitivity of the natural gas market to external factors.
• The market will continue to monitor production disruptions and weather patterns closely, as prolonged outages could potentially lead to further price fluctuations in the future.

27.00.2026 - GAS Commodity was up 7.1%

• Natural gas futures surged over 17% to above $6 per MMBtu, reaching levels not seen since December 2022, driven by a severe winter storm disrupting supply and boosting heating demand.
• The extreme cold weather knocked offline nearly 10% of US natural gas production, leading to concerns about prolonged production disruptions and further price increases.
• Despite the significant rally, prices pulled back slightly as traders took profits, highlighting the volatility in the market influenced by ongoing weather-driven supply disruptions and elevated supply risks.
• The market remains focused on how long production outages will last, with authorities taking measures to ensure adequate natural gas supplies for residential heating and power generation amidst the frigid conditions.

23.00.2026 - GAS Commodity was down 5.3%

• The bearish movement in Natural Gas prices today can be attributed to profit-taking and traders reassessing their positions after a historic rally driven by extreme weather conditions and supply risks:
• Prices surged to record levels due to forecasts of a severe winter storm and below-normal temperatures, leading to increased heating demand and concerns about production disruptions.
• Despite a significant drawdown in inventories and production declines linked to freeze-offs, the market experienced a pullback as traders adjusted their positions ahead of the anticipated cold snap.
• The sharp increase in prices over the past week, with gains of over 65%, prompted some investors to take profits, causing a temporary retreat in prices despite the ongoing weather-related bullish sentiment.
• Natural Gas prices hitting a 3-year high and experiencing substantial gains in a short period reflect the market's sensitivity to weather forecasts and supply risks, highlighting the volatility and speculative nature of the commodity market.

23.00.2026 - GAS Commodity was down 6.7%

• Natural gas prices experienced a strong bearish movement today, pulling back after a historic surge over the past few days.
• The pullback can be attributed to traders reassessing their positions amidst a record-breaking rally and the potential impact of a developing winter storm on production and exports.
• Despite the pullback, the market remains volatile due to forecasts of below-normal temperatures and increased heating demand, which could lead to further price fluctuations in the coming days.
• The recent surge in natural gas prices to multi-year highs reflects the market's sensitivity to weather patterns and supply risks, highlighting the importance of monitoring weather forecasts and production levels for trading decisions.

28.00.2026 - GAS Commodity was down 7.2%

• Natural gas futures experienced a bearish movement due to warmer weather forecasts and the return of some frozen wells, easing supply concerns.
• The unexpected rally in prices over the previous sessions led traders to take profits despite ongoing weather-driven supply disruptions, causing a significant pullback in prices.
• The increase in output in the Lower 48 and the recovery of LNG feedgas flows contributed to the market movement, indicating improving supply conditions.
• Despite the price decrease, freezing temperatures across the US continue to impact natural gas production and supply, highlighting the ongoing supply risks in the market.

30.00.2026 - GAS Commodity was up 14.1%

• Natural gas prices surged by 5.04% to $3.92 per MMBtu, driven by a combination of factors:
• 1. Increased flows to LNG export plants, including the return of a liquefaction train at Freeport LNG in Texas, boosting demand and tightening market conditions.
• 2. Despite forecasts for milder weather and lower heating demand, colder than normal conditions expected through mid-February supported consumption expectations.
• 3. The market reacted positively to a larger than expected storage draw, stronger demand outlook, and recovering production levels, highlighting the ongoing tightness in supply despite the rebound in output from frozen wells.
• 4. The volatility in price action was influenced by mixed weather forecasts and the market's sensitivity following a historic weather-driven rally, keeping traders on edge and contributing to the bullish movement in natural gas prices.

30.00.2026 - GAS Commodity was up 5.1%

• The bullish movement in Natural Gas prices was primarily driven by a larger than expected storage draw and a stronger demand outlook, fueled by an Arctic blast that boosted heating demand.
• Colder than normal weather forecasts through mid-February supported consumption expectations, despite some fluctuations in temperature predictions causing uncertainty in demand.
• The return of some frozen wells and the gradual recovery of gas production after storm-related disruptions contributed to easing supply concerns, leading to a slight pullback in prices on days with warmer weather forecasts.
• The market's sensitivity post a historic weather-driven rally, coupled with the tight market conditions despite the modest rebound in supply, kept price action volatile, with traders closely monitoring weather patterns and production levels for further price movements.

26.00.2026 - GAS Commodity was up 5.5%

• Natural gas futures surged over 15% to above $6 per MMBtu, reaching levels not seen since December 2022, as a historic winter storm disrupted supply and sharply boosted heating demand.
• The severe weather conditions knocked offline close to 10% of US gas production, leading to concerns about prolonged production disruptions and potential further upside in prices.
• Gas flows to US LNG export plants fell to the lowest level in a year, highlighting the impact of the weather-driven rally on both domestic consumption and international exports.
• With forecasts projecting below-normal temperatures and increased heating demand, coupled with production challenges due to freezing conditions, the market remains focused on the duration of production outages and the potential for continued price increases.