Natural Gas ($GAS) Commodity Forecast: Down 5.1% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation. The market for natural gas is influenced by various factors such as weather conditions, supply and demand dynamics, geopolitical tensions, and global energy trends.

Why is Natural Gas going down?

GAS commodity is down 5.1% on Apr 8, 2026 13:58

• Natural gas prices experienced a bearish movement due to mild spring weather leading to lower demand and increased storage levels.
• The ongoing tensions in the Middle East, particularly with Iran, have added uncertainty to global energy markets, but US natural gas prices have remained relatively stable due to strong production and ample inventories.
• Despite occasional rebounds in prices, the overall trend remains bearish as warmer weather forecasts and expectations of rising inventories continue to weigh on the market.
• The recent fluctuations in natural gas prices highlight the importance of monitoring both domestic factors like production levels and storage data, as well as international developments that could impact energy markets.

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Natural gas Hits 17-month Low

Natural gas decreased to 2.71 USD/MMBtu, the lowest since November 2024. Over the past 4 weeks, Natural gas lost 12.89%, and in the last 12 months, it decreased 28.78%.

US Natgas Prices Rise on Tuesday

US natural gas futures rebounded more than 2% to $2.87 per MMBtu on Tuesday, supported by a drop in daily output, with production falling by around 3 bcfd over the past two days to a two week low of 108.9 bcfd, largely due to declines in Louisiana and Arkansas. Despite the uptick, prices remain near their lowest levels since September 2025 as mild spring weather continues to weigh on demand. Softer temperatures have allowed utilities to inject more gas into storage, with inventories projected to stand about 5% above seasonal norms in early April. Forecasts point to continued warmer than average conditions through April 22, further limiting heating demand. Supply pressures are also easing as LNG feedgas flows slipped to a four week low of 17.9 bcfd on Tuesday, mainly due to reduced deliveries to Cheniere Energy’s Sabine Pass facility, even as overall April flows remain elevated.

US Natgas Prices Hover Near 7-Month Low

US natural gas futures rose to $2.84 per MMBtu on Monday but remained close to their lowest level since August 2025, as mild spring weather continued to suppress demand and allow storage levels to build. The latest EIA data showed a 36 Bcf injection for the week ending March 27, compared with a five-year average withdrawal of 4 Bcf. Meanwhile, President Donald Trump on Sunday issued an ultimatum to Iran, threatening to strike Iranian oil facilities and other civilian infrastructure if the Strait of Hormuz is not reopened. Tehran, however, rejected the demand, heightening fears of prolonged supply disruptions. Despite the tensions, US natural gas remain largely insulated from an overseas supply shock, as domestic export terminals are already operating near maximum capacity.

US Natgas Prices Fall Toward 7-Month Low

US natural gas futures dropped below $2.81 per MMBtu, approaching their lowest level since August 2025, after the EIA reported a slightly larger-than-expected storage build. Energy companies injected 36 billion cubic feet (bcf) of gas into storage last week, compared with 30 bcf during the same week in 2025 and a five-year average withdrawal of 4 bcf. Total inventories rose to 1.865 trillion cubic feet, about 5.4% higher than a year ago and roughly 3% above the five-year average. Meanwhile, reports indicated that Iran is drafting a protocol with Oman to monitor traffic through the Strait of Hormuz, citing Iran’s Deputy Foreign Minister Kazem Gharibabadi. The development comes after a speech by President Donald Trump offered no clear path toward ending the Middle East conflict, leaving markets cautious. Despite the tensions, US gas prices remain relatively stable due to strong production, ample inventories, and limited short-term exposure to global markets.

US Natgas Prices Rebound

US natural gas futures rose to $2.86 per MMBtu, rebounding from a more than six-month low, tracking broader gains across energy markets as hopes for a swift resolution to the Middle East war faded. President Donald Trump said the US is “nearing completion” on achieving strategic objectives in Iran but provided little clarity on the pathway to end hostilities. He also warned of severe military action against Iran over the next two to three weeks. However, price gains were tempered by the onset of the spring shoulder season, when heating demand typically declines, and storage levels increase. Weather forecasts point to above-average temperatures across the eastern US into early April and again around mid-April, reducing gas consumption. Markets now expect a faster rise in inventories, widening from a small surplus in mid-March to a larger surplus by mid-April.

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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.

08.03.2026 - GAS Commodity was down 5.1%

• Natural gas prices experienced a bearish movement due to mild spring weather leading to lower demand and increased storage levels.
• The ongoing tensions in the Middle East, particularly with Iran, have added uncertainty to global energy markets, but US natural gas prices have remained relatively stable due to strong production and ample inventories.
• Despite occasional rebounds in prices, the overall trend remains bearish as warmer weather forecasts and expectations of rising inventories continue to weigh on the market.
• The recent fluctuations in natural gas prices highlight the importance of monitoring both domestic factors like production levels and storage data, as well as international developments that could impact energy markets.

23.02.2026 - GAS Commodity was down 5.1%

• Natural gas futures dropped by over 5.5% to $2.92 per MMBtu due to milder weather forecasts leading to weaker demand for heating and power generation.
• Prices were also pushed lower by a broader energy selloff after mentions of efforts to end the war in Iran, causing declines in oil and energy futures.
• The ample inventories and limited short term exposure to global markets, along with geopolitical tensions, have contributed to the relative stability of US gas prices despite ongoing conflicts.
• The bearish movement was further worsened by a 35 billion cubic feet increase in storage, indicating a decrease in heating demand as the winter season comes to an end.

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.

24.02.2026 - GAS Commodity was down 5.1%

• Natural gas futures experienced a bearish movement due to warmer weather forecasts leading to reduced heating demand.
• Prices were also impacted by broader energy selloffs and geopolitical tensions, such as talks about ending conflicts in certain regions, influencing oil prices and energy futures.
• Global supply conditions played a role in the market movement, with disruptions in LNG exports from key regions due to escalating tensions in certain areas.
• Despite regional oversupply, tightening global markets amid geopolitical events and potential changes in oil sanctions could stabilize prices in the near term.