Natural Gas ($GAS) Commodity Forecast: Down 5.7% Today

What is Natural Gas?

Natural Gas is a vital commodity used for heating and electricity generation. The market for natural gas is influenced by various factors such as supply and demand dynamics, geopolitical tensions, weather patterns, and storage levels.

Why is Natural Gas going down?

GAS commodity is down 5.7% on Mar 20, 2026 13:25

• The bearish movement in Natural Gas prices today can be attributed to:
• Warmer spring outlook and record domestic production offsetting ongoing supply risks from the Middle East conflict.
• Smaller than expected inventory withdrawals indicating fading heating demand as winter comes to an end.
• Limited impact on US prices from disruptions in the Middle East due to sufficient domestic production levels meeting demand.
• Global energy costs decreasing and reduced price pressure on American fuel following political statements hinting at a potential end to hostilities.

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US Natural Gas Prices Slip

US natural gas futures fell to around $3.10 per MMBtu, giving back gains from the previous session, tracking a broader decline in energy commodities, following signals that the US may soon lift sanctions on Iranian oil at sea to ease price pressures. Treasury Secretary Scott Bessent said the move could release roughly 140 million barrels, helping to stabilize prices over the next 10–14 days. Simultaneously, President Donald Trump stated that the US has no plans to deploy ground troops, while Benjamin Netanyahu indicated that Israel would hold off on further strikes against Iranian energy infrastructure, easing concerns after the largest day of attacks on energy assets since the conflict began, including severe damage to the world’s biggest LNG plant in Qatar. Meanwhile, the EIA’s latest weekly report showed a 35 billion cubic feet increase in storage, suggesting that heating demand is starting to ease as winter winds down.

US Natgas Prices Rises on Ras Laffan Attack

US natural gas futures rose more than 2.5% to around $3.144 per MMBtu, reversing losses from earlier in the week after Iran launched attacks on key energy infrastructure across the Middle East, intensifying supply concerns. Iran carried out missile strikes on Qatar’s Ras Laffan Industrial City, a complex housing the world’s largest LNG export plant, marking one of several energy assets Tehran pledged to target following an Israeli strike on Iran’s South Pars gas field. Abu Dhabi also suspended operations at its Habshan gas facilities after intercepted missiles caused falling debris, while LNG assets in Bahrain were reportedly struck by heavy missile barrages. Meanwhile, the EIA reported a 35 billion cubic feet storage increase in its latest weekly data, signaling that heating demand is starting to ease as the winter season draws to a close.

US Natgas Jumps on Ras Laffan Attack

US natural gas futures jumped about 5% to around $3.2 per MMBtu, reversing losses from earlier in the week after Iran launched attacks on key energy infrastructure across the Middle East, intensifying supply concerns. Iran carried out missile strikes on Qatar’s Ras Laffan Industrial City, a complex housing the world’s largest LNG export plant, marking one of several energy assets Tehran pledged to target following an Israeli strike on Iran’s South Pars gas field. Abu Dhabi also suspended operations at its Habshan gas facilities after intercepted missiles caused falling debris, while LNG assets in Bahrain were reportedly struck by heavy missile barrages. Meanwhile, the EIA reported a 38 billion cubic feet storage withdrawal in its latest weekly data, smaller than the 42 Bcf draw expected, signaling that heating demand is starting to ease as the winter season draws to a close.

US Natgas Drops Further

US natural gas futures fell below $3.10 per MMBtu, extending their retreat from a one-month high, as a warmer spring outlook and record domestic production offset ongoing supply risks stemming from the Middle East conflict. The EIA reported a 38 billion cubic feet storage withdrawal in the latest weekly data, smaller than the 42 Bcf draw expected, signaling that heating demand is beginning to fade as the winter season comes to an end. While the Iran war continues to disrupt shipments through the Strait of Hormuz and has halted operations at the world’s largest LNG hub in Qatar, the impact on US prices has remained limited. This is because the country already produces sufficient natural gas to meet domestic demand, with LNG export terminals operating close to their maximum capacity.

US Natgas Drop From Recent Highs

US natural gas futures retreated below $3.15 per MMBtu in mid March as expectations for warmer spring weather and record domestic production outweighed the persistent supply concerns from the Middle East conflict. Prices fell nearly 3% after a smaller than anticipated inventory withdrawal of 38 billion cubic feet indicated that heating demand is fading with the end of the winter season. While the war with Iran continues to block the Strait of Hormuz and limit Qatari exports the impact on American prices has been softened by domestic production levels reaching 118.5 billion cubic feet per day. A sudden shift in the market outlook following political statements regarding a potential end to hostilities also pulled global energy costs lower and reduced the price pressure on American fuel. The US dollar strengthened generally because of safe haven buying during the geopolitical instability, making dollar priced commodities less attractive.

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Natural Gas Price History

18.02.2026 - GAS Commodity was up 5.2%

• The bullish movement in Natural Gas prices today can be attributed to a combination of factors:
• Warmer spring outlook and record domestic production weighed on prices, but ongoing supply risks from the Middle East conflict supported the upward momentum.
• Despite the disruptions in gas shipments from the Persian Gulf due to the conflict, the impact on US prices remained limited due to the country's sufficient natural gas production and LNG export capacity.
• The smaller than expected inventory withdrawal indicated a decrease in heating demand as the winter season comes to an end, further influencing the market sentiment.
• Global energy prices rose due to the conflict, leading to increased foreign demand for US liquefied natural gas and higher asking prices at Henry Hub, despite ample domestic production.

12.02.2026 - GAS Commodity was up 7.3%

• Natural gas prices surged due to ongoing tensions in the Middle East, particularly disruptions in LNG supply from Qatar and concerns about the closure of the critical Strait of Hormuz.
• President Trump's comments suggesting a potential de-escalation in the conflict and the resumption of traffic in the Strait of Hormuz led to a drop in prices as the risk premium decreased.
• Warm weather forecasts and record domestic production levels also contributed to the decline in prices, along with ongoing infrastructure outages at the Freeport LNG terminal trapping supply within the domestic market.
• Despite the volatility in global energy markets, US natural gas prices have remained relatively stable compared to international benchmarks, supported by ample domestic supply and limited export capacity.

02.02.2026 - GAS Commodity was up 5.6%

• Natural gas prices surged over 4% as geopolitical tensions in the Middle East escalated, impacting global energy markets.
• The US and Israel's actions against Iran, followed by Tehran's retaliatory strikes, disrupted tanker traffic through the critical Strait of Hormuz, a key route for LNG trade.
• With uncertainties surrounding the situation in the region and potential disruptions to LNG supply chains, investors turned to natural gas futures, driving prices higher.
• The increased demand for US LNG due to potential supply constraints could further support natural gas prices in the near term.

23.01.2026 - GAS Commodity was down 5.1%

• Natural gas prices experienced a bearish movement due to:
• Mild weather forecasts across the US reducing heating demand.
• Rising production levels reaching near-record highs, easing market tightness.
• Smaller than normal storage withdrawals contributing to the market's softness.
• Despite a temporary rise driven by a winter storm and increased short-term heating demand, the overall trend remains bearish due to the abundance of supply and mild weather conditions expected in the near future.
• Traders are closely monitoring storm developments, LNG export volumes, and production trends to gauge the market's future direction, but the current outlook suggests continued pressure on natural gas prices.

19.02.2026 - GAS Commodity was up 7.5%

• Natural gas futures surged by about 5% due to supply concerns caused by attacks on key energy infrastructure in the Middle East, particularly targeting LNG assets.
• Despite the ongoing conflict in the Middle East disrupting global gas shipments and operations in major LNG hubs, US prices remained relatively stable due to the country's robust domestic production capabilities.
• The warmer spring outlook and record domestic production levels offset some of the supply risks, leading to a slight retreat in prices as heating demand started to ease with the end of the winter season.
• Geopolitical tensions and disruptions in the Persian Gulf region heightened foreign demand for US LNG, driving prices to a one-month high, with key Asian buyers turning to American gas amid the turmoil in traditional supply routes.

20.02.2026 - GAS Commodity was down 5.7%

• The bearish movement in Natural Gas prices today can be attributed to:
• Warmer spring outlook and record domestic production offsetting ongoing supply risks from the Middle East conflict.
• Smaller than expected inventory withdrawals indicating fading heating demand as winter comes to an end.
• Limited impact on US prices from disruptions in the Middle East due to sufficient domestic production levels meeting demand.
• Global energy costs decreasing and reduced price pressure on American fuel following political statements hinting at a potential end to hostilities.

06.01.2026 - GAS Commodity was up 5.4%

• Natural Gas prices surged due to a combination of factors:
• A smaller-than-expected storage draw eased concerns of tight supply, leading to increased confidence in the market.
• Strong LNG demand and higher flows to export terminals supported prices, indicating robust global demand for US gas.
• Warmer weather forecasts reduced heating demand concerns, balancing out the market dynamics.
• The recent cold snap likely resulted in heavy storage withdrawals, shifting inventories from above seasonal norms to slightly below average, further tightening supply.

09.02.2026 - GAS Commodity was down 6.9%

• Natural gas prices experienced a bearish movement today due to rising domestic supply, softer export demand, and warmer-than-normal weather forecasts in the US.
• The conflict in the Middle East and the potential disruption of global gas supplies contributed to short-term price spikes in natural gas, but the overall market sentiment was bearish due to ample domestic production and export capacity constraints.
• Despite the global supply risks and geopolitical tensions, the bearish trend in natural gas prices was driven by a combination of increased production in the Lower 48 states, reduced export demand, and favorable weather conditions impacting heating needs in the US.
• The recent price volatility in natural gas reflects the delicate balance between supply and demand dynamics, as well as the ongoing geopolitical uncertainties affecting global energy markets.

09.02.2026 - GAS Commodity was down 5.2%

• Natural gas prices saw a strong bearish movement today despite hitting a 4-week high recently.
• The jump in US natural gas futures was driven by global supply risks due to the escalating conflict in the Middle East, raising fears of disruptions to global gas supplies.
• The uncertainty surrounding the timeline for restoring full operations at QatarEnergy’s Ras Laffan facility and the ongoing conflict in the region have intensified worries about a potential supply shortfall, leading to a bearish market movement for Natural Gas today.
• Geopolitical tensions and supply concerns continue to play a significant role in shaping the volatility of Natural Gas prices, highlighting the importance of monitoring global events for potential market impacts.

09.02.2026 - GAS Commodity was down 9.0%

• Natural gas prices experienced a strong bearish movement today due to several factors:
• The prospect of a swift de-escalation in a specific region easing the risk premium across the energy complex.
• Political statements suggesting a resolution to a conflict and the resumption of traffic in a strategic waterway, reducing concerns about supply disruptions.
• Unseasonably warm weather forecasts reducing heating demand.
• Ongoing infrastructure outages at a specific LNG terminal in Texas trapping supply within the domestic market and limiting the influence of global scarcity on local prices.
• Despite a significant weekly storage withdrawal, high supply levels and reduced export capacity have led to domestic natural gas prices decoupling from global price volatility.

18.01.2026 - GAS Commodity was down 5.0%

• US natural gas futures experienced a bearish movement due to warmer weather forecasts and rising production, which weighed on prices.
• Despite strong LNG export demand and continued heavy storage withdrawals, the market was influenced by above-normal temperatures across the US, reducing heating demand.
• The record storage withdrawals during the Arctic blast in late January pushed inventories below seasonal norms, but analysts expect the deficit to narrow with mild weather in the coming weeks.
• The overall market sentiment for natural gas was bearish today, as weather forecasts pointed to warmer conditions, potentially easing demand and limiting price gains.

12.01.2026 - GAS Commodity was up 5.5%

• Natural gas futures rose due to near-record LNG export flows boosting demand, despite warmer weather forecasts reducing heating demand.
• The recent increase in drilling activity in the Haynesville Shale raised concerns about future supply, contributing to the downward pressure on prices.
• Colder weather in the US Northeast and higher flows to LNG terminals supported prices, aligning with increased natural gas benchmarks in Europe and Asia due to cold weather, driving US gas consumers to compete with higher overseas demand.
• Despite the overall bullish movement, the market remains volatile, with prices fluctuating due to factors like weather patterns, production levels, and export demands.