Natural Gas ($GAS) Commodity Forecast: Up 5.2% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation, with its prices heavily influenced by weather forecasts, supply disruptions, and global demand.

Why is Natural Gas going up?

GAS commodity is up 5.2% on Jan 10, 2025 15:50

• Natural gas futures surged over 6% to above $3.9/MMBtu due to forecasts of colder weather and increased heating demand, leading to a two-year high.
• Record levels of liquefied natural gas (LNG) exports and stabilizing production amidst easing freeze-offs also contributed to the bullish movement.
• The extreme cold weather predictions across the US, with below-normal temperatures and potential disruptions, have heightened concerns over supply tightening, pushing prices higher.
• Rising gas flows to LNG export plants, driven by global demand and Europe's shift away from Russian pipeline supplies, have further supported the upward momentum in natural gas prices.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Approach 2-Year High

US natural gas futures jumped over 6% to above $3.9/MMBtu on Friday, driven by forecasts of colder weather and increased heating demand over the next two weeks. Meteorologists predict below-normal temperatures in much of the US through January 25, with the coldest days yet to come. Liquefied natural gas (LNG) exports also hit record levels, with feedgas flows climbing to 15.5 billion cubic feet per day (bcfd), including a surge in flows to the new Plaquemines LNG plant in Texas. Meanwhile, production showed signs of stabilizing as freeze-offs, which disrupt output during cold weather, began to ease. For the week, natural gas prices rose over 17%, recovering after recent declines.

US Natgas Prices Rise Above $3.7

US natural gas futures rose above $3.7/MMBtu on Thursday, driven by disruptions in supply and strong global demand. US utilities have been withdrawing natural gas from storage, with colder-than-normal weather expected to persist through January. In the week ending January 3rd, US utilities withdrew 40 billion cubic feet of natural gas, lowering total stockpiles to 3,373 bcf. This marked the eighth consecutive draw in inventories, aligning with the typical start to the withdrawal season. While freeze-offs were less severe than in previous years, cold temperatures in the eastern US caused production disruptions, with daily gas supply dipping to a six-week low. These supply constraints have been compounded by rising gas flows to LNG export plants, driven by Europe's shift away from Russian pipeline supplies. With extreme cold weather forecasted to continue, concerns over further supply tightening are pushing prices higher.

US Natgas Prices Rise on Tight Supply

U.S. natural gas futures rose more than 4% to above $3.6/MMBtu on Wednesday, driven by disruptions in supply and strong global demand. U.S. utilities have been withdrawing natural gas from storage at a faster-than-expected pace, with colder-than-normal weather expected to persist through January. In the week ending January 3rd, U.S. utilities withdrew 40 billion cubic feet of natural gas, lowering total stockpiles to 3,373 bcf. This marked the eighth consecutive draw in inventories, aligning with the typical start to the withdrawal season. While freeze-offs were less severe than in previous years, cold temperatures in the eastern U.S. caused production disruptions, with daily gas supply dipping to a six-week low. These supply constraints have been compounded by rising gas flows to LNG export plants, driven by Europe's shift away from Russian pipeline supplies. With extreme cold weather forecasted to continue, concerns over further supply tightening are pushing prices higher.

US Natgas Prices Swing Sharply

US natural gas futures remain highly volatile, fluctuating around $3.5/MMBtu as traders weigh production disruptions from winter storms against rising overall output and LNG exports. Severe cold in the eastern US caused some wells and pipelines to freeze, lowering daily gas supply to a six-week low of 102.6 billion cubic feet (Bcf) on Monday. However, these freeze-offs were less severe than in previous years, with January's average production at 105 Bcf/day, near record levels. Meanwhile, gas flows to LNG export plants rose to 15.1 Bcf/day in January, driven by strong global demand as Europe adapts to reduced Russian pipeline supplies. Forecasters predict colder-than-normal weather across the US through January 21, with the coldest days yet to come, potentially further straining supply.

US Natgas Prices Jump on Cold Weather

US natural gas futures jumped to $3.6/MMBtu, rebounding from a sharp 8% decline Friday, driven by forecasts of extreme cold across the central and eastern US this month. Temperatures are expected to plunge up to 20°F below normal, with ice storms and heavy snow predicted to disrupt power lines and travel, particularly in the Ohio Valley and Missouri. The US could see its coldest January since 2011, pushing up prices for natural gas and diesel. However, the conditions are not expected to rival the deadly storm of 2021. Meanwhile, rising gas flows to US LNG export plants are expected to continue, especially after the end of a Russia-Ukraine pipeline deal.

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Natural Gas Price History

06.00.2025 - GAS Commodity was up 5.3%

• The bullish movement in Natural Gas prices was primarily driven by forecasts of extreme cold weather across the central and eastern US, leading to increased heating demand and potential supply disruptions.
• Despite a smaller-than-expected storage draw, colder-than-usual weather forecasts from January 6–17 are expected to boost heating demand, supporting the upward momentum in prices.
• Rising gas flows to US LNG export plants, especially after the expiration of a Russia-Ukraine pipeline deal, also contributed to the bullish sentiment in the Natural Gas market.
• The market is closely monitoring weather patterns and storage data, with expectations of continued volatility in prices based on supply-demand dynamics and geopolitical factors impacting gas flows to export facilities.

03.00.2025 - GAS Commodity was down 6.9%

• Natural Gas prices experienced a strong bearish movement today, dropping to $3.5/MMBtu.
• The market was influenced by the anticipation of the EIA storage report, which showed a smaller-than-expected draw of 93 Bcf, leaving stockpiles high at 3,529 Bcf.
• Despite forecasts of colder temperatures and increased heating demand, the market was impacted by the surplus in storage levels and the robust production of LNG exports.
• The uncertainty surrounding global LNG demand, US production levels, and alternative gas sources in Europe also played a role in the bearish movement of Natural Gas prices.

03.00.2025 - GAS Commodity was down 8.6%

• Natural gas prices experienced a bearish movement today due to a smaller-than-expected storage draw, leading to a decrease in total stockpiles.
• Despite colder-than-usual weather forecasts and rising gas flows to US LNG export plants, prices fell as traders awaited and reacted to the lower storage draw.
• The anticipation of stronger global LNG demand and forecasts of a cold front in the US drove prices to near 2022 highs previously, but the market sentiment shifted today.
• The expiration of a Russia-Ukraine pipeline deal and the pledge to issue more LNG export permits could continue to impact natural gas prices in the future.

08.00.2025 - GAS Commodity was up 5.5%

• Strong global demand and tight supply conditions were the main drivers behind the upward movement in Natural Gas prices.
• Factors such as supply interruptions, colder weather than usual, and increased gas flows to LNG export facilities supported the price increase.
• Price escalation was further fueled by predictions of severe cold weather in the US, the possibility of production disruptions from winter storms, and concerns regarding tightening supplies.
• Despite minor fluctuations and a storage draw below expectations as per the EIA, the overall trajectory remained bullish due to ongoing supply limitations and escalating demand.

31.11.2024 - GAS Commodity was down 5.3%

• The bearish movement in Natural Gas prices today can be attributed to a smaller-than-expected storage draw, which left stockpiles at a high level of 3,529 bcf.
• Mixed weather forecasts and holiday-thinned trading also played a role in the price retreat, with disagreement between US and European weather models adding uncertainty to the market outlook.
• Despite robust global demand and record LNG exports, the market sentiment was dampened by the warmer start to the year predicted by the European weather model, leading to a decrease in prices from the recent highs.

24.11.2024 - GAS Commodity was up 5.2%

• Natural gas reached a 13-month high of 3.8411 USD/MMBtu due to a strong bullish movement.
• The bullish trend was fueled by several factors, including forecasts of a cold front in the US boosting demand expectations, reduced likelihood of Russian gas supply to Europe resulting in higher US LNG demand, and President-elect Trump's commitment to issue more LNG export permits.
• Significant withdrawals from gas storage, as reported by the EIA, along with projections of record-breaking consumption in the electric power sector, added to the bullish sentiment in the natural gas market.
• Supply concerns, increasing demand expectations, and geopolitical factors all played a role in the surge in natural gas prices to a 13-month high.

24.11.2024 - GAS Commodity was up 7.1%

• Natural gas prices surged to a 1-year high, driven by bets of stronger global LNG demand and higher domestic consumption.
• Forecasts of a cold front in the US and a decrease in European reliance on Russian gas boosted demand for US LNG, pushing prices higher.
• President-elect Trump's pledge to issue more LNG export permits also contributed to the bullish market movement, as firms favored more profitable exports over cheaper domestic sales.

10.00.2025 - GAS Commodity was up 5.2%

• Natural gas futures surged over 6% to above $3.9/MMBtu due to forecasts of colder weather and increased heating demand, leading to a two-year high.
• Record levels of liquefied natural gas (LNG) exports and stabilizing production amidst easing freeze-offs also contributed to the bullish movement.
• The extreme cold weather predictions across the US, with below-normal temperatures and potential disruptions, have heightened concerns over supply tightening, pushing prices higher.
• Rising gas flows to LNG export plants, driven by global demand and Europe's shift away from Russian pipeline supplies, have further supported the upward momentum in natural gas prices.

26.11.2024 - GAS Commodity was down 5.2%

• Natural Gas prices experienced a bearish movement today, retreating from recent highs.
• The decline in prices can be attributed to mixed weather forecasts, with disagreement between US and European models causing uncertainty.
• Additionally, the market may have reacted to the expectation of inventories declining in the latest storage report, leading to profit-taking after recent bullish momentum.
• Despite the bearish movement, the overall trend for Natural Gas has been bullish, driven by factors such as strong global LNG demand, cold weather forecasts, and geopolitical tensions impacting gas supply in Europe.

30.11.2024 - GAS Commodity was up 10.5%

• Natural gas prices surged to near $4 per MMBtu, the highest since December 2022, driven by bets of stronger global LNG demand and a cold front expected in the US in January.
• The bullish movement was supported by a decrease in gas storage levels, indicating a potentially earlier start to the withdrawal season.
• Concerns over the supply of Russian gas to Europe through Ukraine led to increased demand for US LNG, with President-elect Trump's pledge to issue more export permits further boosting investor sentiment.
• Despite some fluctuations and mixed weather forecasts, the overall trend remained bullish, with prices hitting a near two-year high, showcasing the impact of global demand dynamics and geopolitical factors on the natural gas market.

30.11.2024 - GAS Commodity was up 7.1%

• Natural Gas prices surged to near $3.9 per MMBtu, the highest since December 2022, driven by bets of stronger global LNG demand and forecasts of a cold front in the US halfway through January.
• Disagreement between US and European weather models added uncertainty, with the European outlook showing a warmer start to the year, impacting prices.
• A smaller-than-expected storage draw was reported, but the consecutive weeks of significant declines in gas storage and the anticipation of the withdrawal season starting have influenced market sentiment positively.
• President-elect Trump's pledge to issue more LNG export permits and the decreasing likelihood of Europe receiving Russian gas through Ukraine have also contributed to the bullish market movement as investors favor US LNG exports.

09.00.2025 - GAS Commodity was up 5.4%

• Natural gas prices surged above $3.7/MMBtu due to disruptions in supply and robust global demand, driven by colder-than-normal weather in the US and rising gas flows to LNG export plants.
• The extreme cold weather forecasted to persist through January, causing production disruptions and lowering stockpiles, has heightened concerns over further supply tightening, pushing prices higher.
• Despite some fluctuations and a smaller-than-expected storage draw, natural gas prices remain on an upward trajectory, supported by increased heating demand and expectations of continued gas flows to LNG export plants.
• The market movement reflects a delicate balance between supply constraints from winter storms and production disruptions against rising overall output and LNG exports, with weather forecasts playing a significant role in shaping price movements.