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

What is Natural Gas?

Natural Gas is a widely traded commodity used for heating and electricity generation. Today, the market experienced a strong bullish movement.

Why is Natural Gas going up?

GAS commodity is up 5.1% on Apr 7, 2025 12:03

• Natural gas futures rose to a two-week high of $4.15/MMBtu due to lower production and higher demand forecasts, indicating a positive sentiment in the market.
• The increase in gas prices was supported by expectations of a decline in daily gas output and an uptick in demand, including exports, which contributed to the bullish movement.
• Despite fears of a global recession and concerns over new tariffs impacting economic growth, the rise in natural gas prices was driven by fundamental factors such as production levels and demand forecasts, showcasing the resilience of the commodity market in the face of external uncertainties.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Fall to 7-Week Low

US natural gas futures fell below $3.80/MMBtu, extending a 5.6% drop last week and nearing a seven-week low, as global recession fears dent demand. President Trump announced sweeping new tariffs, prompting swift retaliation from key partners. China now faces over 50% tariffs on U.S. exports, while Beijing imposed 34% tariffs on American goods. Trump said he’s not deliberately triggering the sell-off but added, “sometimes you have to take medicine to fix something.” Meanwhile, investors are closely watching supply-demand trends. The latest EIA report showed gas storage remains 4.3% below average, despite three straight weeks of injections. LNG exports hit a record 15.8 bcfd in March, while output peaked at 106.2 bcfd but has begun falling in April. Forecasts show temperatures staying near normal through mid-April.

US Natgas Prices Join Energy Markets Down

US natural gas futures dropped to $4/MMBtu on Friday, down 1.6% for the week, as China’s new 34% tariffs on US goods fueled fears of a global recession, leading to sharp declines in energy and stock markets. China urged the US to cancel its unilateral tariffs, criticizing them as harmful to global trade and supply chains. Meanwhile, investors are closely watching supply and demand trends. The latest EIA report showed US gas storage levels remain 4.3% below normal, despite three consecutive weeks of injections. LNG exports hit a record 15.8 bcfd in March, while gas output also peaked at 106.2 bcfd but has started declining in April. Weather forecasts suggest temperatures will stay near normal through mid-April.

US Natgas Prices Rise to 2-Week High

US natural gas futures rose to $4.15/MMBtu, the highest in two weeks, due to lower production and higher demand forecasts. Daily gas output in the Lower 48 is expected to fall to a five-week low of 104.6 bcfd on Thursday. Also, demand, including exports, is expected to rise from 103.7 bcfd this week to 106.4 bcfd next week. Still, EIA data showed US utilities continued adding gas to storage for a third straight week. Also, LNG exports hit a record high of 15.8 bcfd in March. Gas prices climbed even as oil futures fell 7% over fears that Trump’s new tariffs could slow economic growth, while OPEC+ continues increasing oil supply.

US Natgas Prices Edge Down on Record Output, Lower Demand

US natural gas futures fell to $4.05/MMBtu as record production and forecasts for milder weather reduced demand expectations. Output in the Lower 48 states hit a record 106.1 bcfd in March, surpassing February’s high of 105.1 bcfd. Additionally, warmer-than-normal temperatures through mid-April are expected to keep demand low, potentially allowing utilities to add gas to storage. Meanwhile, LNG exports also hit a record, with gas flows to US export plants reaching 15.8 bcfd, up from February’s 15.6 bcfd. This was driven by new units at Venture Global’s Plaquemines LNG plant in Louisiana starting operations.

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Natural Gas Price History

02.03.2025 - GAS Commodity was down 5.0%

• Today's decline in natural gas prices is attributed to record production levels and forecasts of warmer weather, which lower demand expectations.
• Increased daily output and above-average temperatures until mid-April are expected to maintain low demand, enabling utilities to store excess gas, impacting prices negatively.
• The elevated flows to LNG export facilities, notably from the Plaquemines LNG plant in Louisiana, are also contributing to the bearish sentiment in the market.
• In summary, the bearish movement in natural gas prices can be explained by high production levels, reduced demand expectations due to mild weather forecasts, and increased export quantities.

07.03.2025 - GAS Commodity was up 5.1%

• Natural gas futures rose to a two-week high of $4.15/MMBtu due to lower production and higher demand forecasts, indicating a positive sentiment in the market.
• The increase in gas prices was supported by expectations of a decline in daily gas output and an uptick in demand, including exports, which contributed to the bullish movement.
• Despite fears of a global recession and concerns over new tariffs impacting economic growth, the rise in natural gas prices was driven by fundamental factors such as production levels and demand forecasts, showcasing the resilience of the commodity market in the face of external uncertainties.

07.02.2025 - GAS Commodity was down 5.1%

• Natural gas prices dropped today as a result of a smaller-than-expected storage draw and forecasts for milder weather conditions.
• Record production levels and increased LNG exports added to the downward pressure on prices, despite stockpiles remaining below the five-year average.
• The market sentiment was also impacted by expectations of reduced heating demand with the anticipated milder weather until March 18.
• The fluctuation in natural gas prices underlines the significance of monitoring storage levels, production rates, and weather forecasts for well-informed trading decisions.

04.02.2025 - GAS Commodity was up 14.1%

• Natural gas prices surged due to record LNG export flows and stronger demand forecasts, moving closer to a 25-month high.
• Despite milder weather expected, gas demand in the Lower 48 states is projected to be higher than anticipated, supported by lower stockpiles due to earlier extreme cold.
• The rebound in prices was also driven by record LNG export flows, with gas output hitting a fresh record in February, despite forecasts for milder weather reducing heating demand.
• The slight price increase was supported by record gas flows to LNG export plants and cooler weather forecasts, with gas storage withdrawals exceeding expectations, contributing to the bullish movement.

10.02.2025 - GAS Commodity was down 5.1%

• Natural gas prices fell today due to a smaller-than-expected storage draw, despite record production levels and surging LNG exports.
• Forecasts for milder weather and reduced heating demand through March 18 are expected to have contributed to the decline in prices.
• The market was also influenced by trade uncertainties, supply constraints, and geopolitical tensions, making it challenging to replenish storage levels.
• Despite these pressures, gas production in the Lower 48 states has continued to rise, indicating a complex interplay of factors affecting the natural gas market.

27.02.2025 - GAS Commodity was down 5.1%

• Natural gas futures fell due to record-high output and forecasts for milder weather, leading to lower demand in the coming weeks.
• The restart of an export plant in Texas and increased gas flows to LNG export facilities were not enough to offset the bearish sentiment caused by the high output and mild weather forecasts.
• Analysts suggest that the expected rise in gas stockpiles, driven by reduced demand and warmer temperatures, contributed to the downward pressure on prices.
• Despite strong LNG exports and new capacity coming online at LNG plants, the market sentiment was largely influenced by the oversupply of natural gas and the anticipation of decreased demand in the near future.

18.02.2025 - GAS Commodity was down 5.0%

• Natural gas futures experienced a bearish movement due to near-record production levels and forecasts for milder weather in the upcoming weeks.
• Despite stronger-than-expected heating demand and robust LNG exports providing some support, the increase in production in the Lower 48 states and expectations of milder weather outweighed these factors.
• The news of potential trade measures by Canada's energy minister hinting at restricting oil exports to the U.S. could tighten supply, but the overall market sentiment was dominated by the increase in output and bearish weather forecasts.
• The fluctuating prices of natural gas were also influenced by trade tensions, with an announcement of tariff plans impacting Canadian steel and aluminum, adding to the market uncertainty.

20.02.2025 - GAS Commodity was down 5.1%

• Natural gas prices experienced a bearish movement due to a larger-than-expected inventory build, indicating an oversupply in the market.
• The increase in natural gas production in the Lower 48 states to record levels contributed to the downward pressure on prices.
• Despite robust LNG exports and stronger-than-expected heating demand providing some support, the market was weighed down by forecasts of milder weather and near-record output levels.
• The weekly fall in natural gas prices was also influenced by the narrowing storage deficit, with stock levels remaining significantly lower than the previous year and below the five-year average, indicating a surplus in supply.

01.03.2025 - GAS Commodity was down 5.2%

• Natural gas prices dropped to a 5-week low of $3.81/MMBtu, marking a 3.52% decrease over the past 4 weeks.
• Record high output and forecasts for milder weather contributed to the decline in prices.
• Despite expectations of a rise in gas stockpiles in March, they remain below normal levels due to heavy winter withdrawals.
• The resumption of operations at Freeport LNG's Texas export plant did not prevent the drop in prices, as lower demand is anticipated in the coming weeks.

12.02.2025 - GAS Commodity was down 5.2%

• The bearish movement in Natural Gas prices today can be attributed to rising output levels and forecasts for milder weather, which outweighed increased demand and record LNG export flows.
• Trade tensions, such as recent announcements of plans to double tariffs on Canadian steel and aluminum, might have added pressure on the market sentiment.
• Despite the recent bearish movement, the overall trend for Natural Gas has been bullish, with prices hitting a 26-month high recently due to extreme weather conditions, supply constraints, record LNG exports, and geopolitical tensions.
• The market is also closely monitoring US natural gas inventories, which are expected to fall below the five-year average by the end of March, leading to a tighter supply situation and potentially supporting prices in the near term.

04.03.2025 - GAS Commodity was down 6.8%

• The bearish movement in natural gas prices today can be attributed to record production levels and forecasts for lower demand due to milder weather conditions, allowing utilities to add gas to storage.
• The ongoing trade tensions between the US and China, with China imposing tariffs on US goods, have fueled fears of a global recession, leading to sharp declines in energy markets, including natural gas.
• Despite record flows to LNG export plants and a decrease in daily output, the overall market sentiment was bearish due to the combination of high production levels and lower demand expectations.
• Investors are closely monitoring supply and demand trends, as well as weather forecasts, to gauge the future direction of natural gas prices amidst the current market uncertainties.

04.03.2025 - GAS Commodity was down 5.2%

• Natural gas futures fell due to record production levels and forecasts for milder weather, reducing demand expectations.
• Despite lower production and higher demand forecasts, the market saw a decrease in prices as utilities were expected to add gas to storage due to warmer-than-normal temperatures.
• The record output and lower demand expectations led to a drop in prices, even as LNG exports hit record highs, indicating a complex interplay of factors influencing the market movement.
• Overall, the bearish movement in the natural gas market today can be attributed to the balance between production levels, demand forecasts, and weather conditions impacting storage and consumption patterns.