Natural Gas ($GAS) Commodity Forecast: Down 5.0% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation. Today, the market experienced a strong bearish movement, with prices dropping significantly.

Why is Natural Gas going down?

GAS commodity is down 5.0% on Sep 18, 2025 17:42

• Natural gas prices plummeted by 5.01% to $2.9447/MMBtu due to a larger-than-expected storage build, indicating an oversupply in the market.
• The decrease in prices was also influenced by mild weather conditions reducing both heating and cooling demand, leading to higher storage injections.
• Despite a temporary rise earlier in the week due to a decline in production, gains were limited by muted demand forecasts, ample storage levels, and stagnant LNG exports.
• The bearish trend was further reinforced by the news of a maintenance shutdown at Berkshire Hathaway's Cove Point plant, impacting LNG feedgas flows and overall market sentiment.

GAS Price Chart

GAS Technical Analysis

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Natural gas is down by 5.01%

Natural gas decreased 5.01% to 2.9447 USD/MMBtu

US Natgas Prices Fall after EIA Data

US natural gas futures dropped over 3% to below $2.99/MMBtu after the EIA reported a larger-than-expected storage build. Firms injected 90 bcf of gas into storage in the week to September 12, surpassing forecasts of 81 bcf, compared with 56 bcf a year ago and a five-year average build of 74 bcf. Mild weather curbed both heating and cooling demand, allowing for higher injections. Also, LNG exports softened, with flows to the eight major US export plants averaging 15.7 bcfd so far in September, down from 15.8 bcfd in August. On the supply side, Lower 48 output averaged 107.4 bcfd in September, down from August’s record 108.3 bcfd.

US Natgas Prices Rise to 1-Week High

US natural gas futures climbed to $3/MMBtu, the highest in one week, as output slipped. Production in the Lower 48 averaged 107.4 bcfd in September, down from August’s record 108.3, with a preliminary three-month low of 105.1 bcfd expected Tuesday amid pipeline work and declines in Texas, West Virginia and Pennsylvania. Still, gains were limited by muted demand forecasts, ample storage, and stagnant LNG exports. Gas inventories sit about 6% above average for this time of year, with injections expected to continue. LNG feedgas flows eased to 15.6 bcfd in September from 15.8 in August, while Berkshire Hathaway’s Cove Point plant is set for a month-long maintenance shutdown.

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Natural Gas Price History

16.08.2025 - GAS Commodity was up 5.0%

• Weak LNG export demand and robust storage levels have led to a decrease in US natural gas prices, nearing a two-week low.
• Despite forecasts for warmer weather and stronger demand, abundant inventories and lower output from the Lower 48 states have continued to pressure the market.
• The decline in gas flows to LNG export facilities and forecasts for lower demand next week, coupled with ample gas supplies in storage, have contributed to the fall in natural gas futures to a one-week low.
• Record output earlier this year and warmer-than-normal weather forecasts have limited heating demand, while easing LNG exports have further impacted the market movement.

15.07.2025 - GAS Commodity was up 5.6%

• Natural Gas prices rose today due to forecasts for stronger near-term demand and the near-full return of Freeport LNG’s Texas export plant after a brief outage.
• Prices remain set for a fourth weekly drop as storage builds have been above seasonal norms, leaving inventories higher than the five-year average.
• Weather forecasts, including the potential impact of Tropical Storm Erin, also played a role in the market movement, with expectations of hotter-than-normal conditions through late August.
• The increase in LNG feedgas flows and climbing exports have also contributed to the rise in Natural Gas prices, despite concerns over near-record production levels and strong storage levels putting pressure on the market in recent weeks.

19.07.2025 - GAS Commodity was down 5.1%

• Natural gas futures fell to a near-record low due to near-record production levels and strong storage, leading to above-average injections into storage and inventories being 7% above seasonal norms.
• Despite a hotter-than-usual summer, the robust supply and higher-than-expected storage builds have put downward pressure on prices.
• The recovery in prices seen earlier was short-lived as the market remains on track for a fourth consecutive weekly drop, with output levels in the Lower 48 states remaining high and LNG feedgas flows increasing.
• The potential impact of Tropical Storm Erin becoming a hurricane and disrupting conditions along the US East Coast has added uncertainty to the market, contributing to the bearish sentiment.

19.07.2025 - GAS Commodity was down 5.0%

• Natural gas prices experienced a significant bearish movement, dropping to a 9-month low.
• The decrease in prices can be attributed to near-record production levels and strong storage capacities, leading to above-average injections into storage.
• Despite a hotter-than-usual summer, the robust supply of natural gas has kept inventories about 7% above seasonal norms, putting downward pressure on prices.
• The market is also closely monitoring weather conditions, with expectations of hotter-than-normal temperatures through late August and the potential impact of Tropical Storm Erin on the US East Coast, which could disrupt conditions and further affect natural gas prices.

23.06.2025 - GAS Commodity was down 5.3%

• Natural gas prices fell to a 3-month low due to near-record output and forecasts for milder weather, reducing cooling demand and increasing storage injections.
• The bearish movement was also influenced by strong production levels, surpassing previous records, leading to higher storage injections and increased stockpiles.
• Despite hotter-than-normal temperatures, the revised forecast showing less intense heat contributed to the downward pressure on prices.
• The increase in gas flows to US LNG export facilities and rising output levels further added to the bearish sentiment in the market, pushing prices lower towards a 2-week low.

04.07.2025 - GAS Commodity was down 5.0%

• Natural gas futures fell due to oversupply concerns and mild weather forecasts, leading to a second consecutive week of losses.
• Rising production outpacing demand, coupled with cooler temperatures reducing power sector demand for gas, contributed to the downward pressure on prices.
• Traders are keeping an eye on hotter weather expected later in August, which could potentially boost air-conditioning use and revive gas demand, offering a glimmer of hope for a market rebound.
• Geopolitical tensions and agreements affecting energy products also played a role in influencing market sentiment, albeit supply remaining strong with record average output in the Lower 48 states.

22.07.2025 - GAS Commodity was down 5.1%

• Natural gas prices experienced a bearish movement due to near-record production levels and strong storage levels, leading to downward pressure on prices.
• Despite hotter-than-usual summer temperatures, the market remained well supplied, with above-average injections into storage and inventories significantly higher than seasonal norms.
• The increase in LNG export flows and a slight rebound in prices from a nine-month low were not enough to offset the bearish sentiment driven by ample supply and limited demand pressure.
• The forecast of normal weather conditions through early September indicated limited demand shocks, further contributing to the downward trend in natural gas prices.

18.08.2025 - GAS Commodity was down 5.0%

• US natural gas prices rose to a one-week high due to a decrease in output, which could have initially signaled a bullish trend.
• However, gains were limited by subdued demand forecasts, ample storage, and stagnant LNG exports, leading to a bearish market movement.
• The maintenance shutdown of Berkshire Hathaway's Cove Point plant and the easing of LNG feedgas flows also contributed to the overall downward pressure on natural gas prices.
• The market sentiment seems to be influenced by a delicate balance between production levels, demand outlook, and infrastructure maintenance, resulting in the bearish movement witnessed today.

18.08.2025 - GAS Commodity was down 5.0%

• Natural gas prices plummeted by 5.01% to $2.9447/MMBtu due to a larger-than-expected storage build, indicating an oversupply in the market.
• The decrease in prices was also influenced by mild weather conditions reducing both heating and cooling demand, leading to higher storage injections.
• Despite a temporary rise earlier in the week due to a decline in production, gains were limited by muted demand forecasts, ample storage levels, and stagnant LNG exports.
• The bearish trend was further reinforced by the news of a maintenance shutdown at Berkshire Hathaway's Cove Point plant, impacting LNG feedgas flows and overall market sentiment.

07.07.2025 - GAS Commodity was up 5.1%

• Natural gas futures rose above $3/MMBtu today.
• The increase was supported by a decline in production, increased LNG export activity, and persistent heat across the country.
• Forecasts of hotter-than-normal weather through late August boosted demand for air conditioning and power generation, driving up gas use.
• The drop in daily output, rise in LNG feedgas demand, and potential disruptions from tropical cyclones in the Atlantic added to the bullish sentiment in the market.

12.07.2025 - GAS Commodity was down 5.1%

• Prices fell due to near-record production levels, strong storage capacities, and milder weather forecasts, leading to increased supply and decreased demand.
• Despite a hotter-than-usual summer, the robust supply allowed for above-average injections into storage, contributing to the downward pressure on prices.
• The rebound in prices above $3/MMBtu was supported by a decline in production, increased LNG export activity, and persistent heat across the country, indicating a temporary recovery driven by supply constraints and increased demand for electricity generation.

31.06.2025 - GAS Commodity was down 5.1%

• Natural gas prices fell to a 3-month low due to rising supply and weaker near-term demand, driven by cooler temperatures reducing air conditioning usage.
• Despite the recent decline, the market is hopeful for a rebound with hotter weather forecasts in August potentially increasing air-conditioning demand.
• Geopolitical tensions and a new US-EU energy agreement added some support to prices, but the strong supply levels continue to weigh on the market sentiment.
• The halt in the sharp decline was attributed to short covering and lower-than-expected weekly storage additions, indicating some stabilization in prices amidst ample production levels and soft summer demand forecasts.