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

What is Natural Gas?

Natural Gas is a widely traded commodity used for heating and electricity generation. Its prices are influenced by factors such as weather forecasts, production levels, storage data, and export demand.

Why is Natural Gas going up?

GAS commodity is up 5.7% on Nov 19, 2025 13:55

• Natural gas prices surged today due to colder forecasts for early December, increasing heating demand and sparking buying interest.
• The market movement was also supported by expectations of the first storage withdrawal of the season and robust LNG feedgas demand, particularly from US export plants.
• Despite strong US production levels and ample storage, the anticipation of colder weather conditions in the near term contributed to the bullish movement in natural gas prices.
• Traders are closely monitoring weather patterns, export demand, and production levels to gauge the future direction of natural gas prices.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Rebound on Colder Forecasts

US natural gas futures climbed back toward $4.5/MMBtu as some forecasts shifted colder heading into early December. After several days of warmer revisions, the latest European model added heating demand for late November and early December, helping spark buying. Weather remains the key uncertainty for winter, with some long-term outlooks still hinting at a colder season. NatGasWeather noted that models had recently shed early-December demand, but Tuesday’s midday update partially reversed that. Support also comes from expectations of the first storage withdrawal of the season after last week’s cold snap, ahead of Thursday’s EIA report. Meanwhile, US production remains strong: Lower-48 output has averaged 109.2 bcfd in November, above October levels and near record highs, keeping inventories about 4% above normal. LNG feedgas demand is also robust, with flows to US export plants averaging 18 bcfd so far in November, up from a record 16.7 bcfd in October.

US Natgas Prices Fall from 3-Year High

US natural gas futures fell over 2% to below $4.5/MMBtu, retreating from a near three-year high of $4.65 reached on November 13, as short-term mild weather eased immediate heating demand. Also, US production in the Lower 48 states reached a record 109 bcfd so far in November, a fresh record, supporting ample storage levels now 4.5% above seasonal norms. Despite ample supply, strong LNG export demand persists, averaging 17.8 bcfd in November, up from 16.7 bcfd in October, driven by European demand amid reduced Russian flows. Traders also weighed expectations for colder conditions in early December, which could lift heating needs and support prices in the near term.

US Natgas Prices Fall by Over 4%

US natural gas futures fell over 4% to $4.45/MMBtu on Friday, retreating after a rally to the highest levels since December 2022, following a larger-than-expected storage build reported by the EIA. US energy firms injected 45 bcf into storage for the week ending November 7, bringing total stocks to 3,960 bcf, 4.5% above the five-year average. Traders weighed mild short-term weather against strong export demand and forecasts for colder conditions in early December, which could boost heating needs. LNG exports remain robust, averaging 17.8 bcfd in November, up from 16.7 bcfd in October, supported by European demand amid reduced Russian supply. Meanwhile, US gas output in the Lower 48 states hit 109 bcfd in November, a fresh record, supporting ample storage levels now 4% above seasonal norms.

Natural gas is down by 5%

Natural gas decreased 5% to 4.4138 USD/MMBtu

US Natgas Prices Ease from Near 3-Year High

US natural gas futures fell more than 2% to $4.54/MMBtu on Friday, easing after a rally to their highest since December 2022, as traders balanced short-term mild weather forecasts against strong export demand and expectations of colder conditions in early December. Weather models indicate a brief warm spell later this month before temperatures drop, potentially boosting heating demand. LNG exports remain robust, with flows to the eight major US export facilities averaging 17.8 bcfd in November, up from a record 16.7 bcfd in October, driven by strong demand from Europe amid reduced Russian supply. Meanwhile, US gas output in the Lower 48 states hit 109 bcfd in November, a fresh record, supporting ample storage levels now 4% above seasonal norms. Meanwhile, the IEA said that global oil and gas demand may continue rising until 2050, marking a softer stance on the global energy transition.

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Natural Gas Price History

29.09.2025 - GAS Commodity was up 13.1%

• The bullish movement in Natural Gas prices can be attributed to a combination of factors:
• Despite recent fluctuations, the overall trend has been upward, with prices hitting an 18-week high.
• Forecasts for colder weather and increased demand, especially from strong LNG export activity, have supported the price surge.
• While there have been occasional dips due to larger-than-normal storage builds and milder weather, the overall supply-demand dynamics remain favorable for Natural Gas prices.
• The robust export activity to major LNG terminals and the record-high daily LNG feedgas indicate a healthy demand outlook, contributing to the bullish sentiment in the market.

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.

20.09.2025 - GAS Commodity was up 5.2%

• Natural Gas prices surged over 5% today, breaking a two-week losing streak, driven by a decrease in output levels in the Lower 48 states and a rise in gas flows to US LNG export terminals.
• Despite record-high storage levels and warmer weather forecasts limiting overall consumption, the strong export demand for US natural gas contributed to the bullish movement.
• The market movement reflects a delicate balance between supply, demand, and global export trends, showcasing the intricate interplay of factors influencing Natural Gas prices.

30.09.2025 - GAS Commodity was up 5.1%

• Natural Gas prices surged to $3.9 per MMBtu, nearing a three-month high, driven by expectations of increased LNG exports to Europe and Asia, amidst lower stocks in gas trading hubs and reduced Russian gas imports.
• The bullish trend was further supported by the US administration's focus on energy exports to Asian countries and robust demand from Europe, despite high levels of domestic production and storage.
• Weather forecasts indicating normal temperatures in the US through mid-November tempered some expectations for stronger heating demand, but colder conditions in the upcoming weeks and strong LNG export activity provided additional support to the Natural Gas prices.
• Overall, the bullish movement in Natural Gas prices today can be attributed to a combination of factors including increased LNG exports, geopolitical developments impacting supply dynamics, and weather forecasts influencing demand in the market.

11.10.2025 - GAS Commodity was up 5.5%

• Natural gas prices surged to an 8-month high due to strong export demand and record activity at LNG facilities, with flows to major plants hitting new highs.
• The bullish trend was supported by US output levels exceeding those of October, contributing to increased storage levels and higher consumption projections.
• The 4-day rally came to a halt as prices dipped on mild weather forecasts and rising output, despite ongoing strong LNG flows driven by overseas demand from Europe and Asia.

11.10.2025 - GAS Commodity was up 5.3%

• Natural gas prices surged to nearly 3-year highs due to colder December forecasts, higher power demand, and strong export activity to Europe and Asia.
• The bullish movement was supported by record activity at LNG facilities and increased US production levels, which helped offset rising exports.
• However, the prices snapped a 4-day rally and fell over 2% as output increased, and mild weather forecasts reduced near-term heating demand, despite strong export flows to major US LNG plants.
• The market movement showcases the volatility of natural gas prices, heavily influenced by weather patterns, production levels, export demands, and storage inventories.

28.09.2025 - GAS Commodity was down 5.0%

• Natural gas futures fell due to steady production levels and comfortable storage inventories, easing supply concerns.
• Colder weather forecasts and higher demand had initially driven prices up, but a larger-than-expected storage build led to the bearish movement.
• Despite robust LNG export activity and near-normal temperatures expected, the market was influenced by the imbalance between supply and demand, resulting in the price drop.
• The market's sensitivity to storage reports and weather forecasts highlights the importance of balancing production, consumption, and inventory levels in determining natural gas prices.

31.09.2025 - GAS Commodity was up 7.6%

• Natural gas prices surged to a 7-month high of $4.1 per MMBtu due to higher heating demand in the US and increased LNG exports to Europe and Asia.
• Expectations of colder weather in the US ahead of winter supported the demand for natural gas, while the gradual reduction of Russian gas imports in Europe also contributed to the bullish trend.
• Despite elevated domestic production and storage levels, the market was buoyed by strong LNG flows to major export plants and the US administration's focus on energy imports for Asian countries.
• The increase in natural gas prices was further supported by lower stocks in gas trading hubs and the overall positive sentiment in the market, leading to a significant uptrend in prices.

18.10.2025 - GAS Commodity was down 5.0%

• Natural gas futures fell by over 4% to $4.45/MMBtu due to a larger-than-expected storage build, indicating ample supply levels.
• Traders weighed short-term mild weather conditions against strong export demand and forecasts of colder weather in early December, which could potentially boost heating needs and support prices.
• Despite the decrease in prices, LNG exports remained robust, driven by European demand amid reduced Russian supply, maintaining pressure on the market.
• The overall market sentiment was influenced by a combination of factors including weather forecasts, storage levels, export demand, and global energy demand outlook, contributing to the bearish movement in natural gas prices.

23.09.2025 - GAS Commodity was down 5.0%

• Natural Gas prices experienced a bearish movement today due to a larger-than-expected storage build, indicating ample supply in the market.
• Despite a recent drop in production and strong demand from LNG export plants, the surplus in storage levels, currently 4.5% above the five-year average, continues to weigh on prices.
• Warmer-than-normal weather forecasts limiting heating demand and the ongoing trend of high storage levels are likely to keep natural gas prices under pressure in the near term.
• The rebound in prices seen in the past week was not sustained, as the overall market sentiment remains bearish due to the combination of mild weather conditions and robust storage levels.

19.10.2025 - GAS Commodity was up 5.7%

• Natural gas prices surged today due to colder forecasts for early December, increasing heating demand and sparking buying interest.
• The market movement was also supported by expectations of the first storage withdrawal of the season and robust LNG feedgas demand, particularly from US export plants.
• Despite strong US production levels and ample storage, the anticipation of colder weather conditions in the near term contributed to the bullish movement in natural gas prices.
• Traders are closely monitoring weather patterns, export demand, and production levels to gauge the future direction of natural gas prices.

12.10.2025 - GAS Commodity was up 5.7%

• Natural gas prices surged to a 35-week high of $4.58 USD/MMBtu, driven by various factors:
• Traders betting on colder December weather and higher power demand.
• Strong export demand, particularly from Europe reducing reliance on Russian gas and increased Asian imports.
• Record activity at US LNG facilities, with flows to major plants hitting new highs.
• Despite milder temperatures expected next week, the market remains optimistic about sustained demand.
• US production levels are robust, helping offset rising exports and contributing to storage levels above seasonal norms.
• The overall outlook for Natural Gas remains positive, with expectations of new highs in both supply and demand driven by various factors like data center energy needs and growing LNG exports.