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 supply, demand, weather conditions, and storage levels.

Why is Natural Gas going down?

GAS commodity is down 5.1% on Aug 22, 2025 18:07

• 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.

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GAS News

US Natgas Prices Remain Near 15-Month Low

US natural gas futures fell to $2.8/MMBtu on Friday, reversing part of a 2.7% gain from the previous session and hovering near their lowest since November 2024, as supply remained abundant. Production in the Lower 48 states averaged a record 108.1 bcfd so far in August, slightly above July’s 107.9 bcfd, though daily output recently dipped to 106.4 bcfd, a six-week low. Despite hotter-than-usual summer temperatures, strong supply has allowed storage levels to remain well above average, about 5.8% higher than typical for this time of year. However, weekly injections into storage were below the five-year norm, suggesting limited pressure from demand. LNG export flows have risen modestly, averaging 15.8 bcfd in August. With weather expected near seasonal norms through early September, demand is unlikely to spike, keeping prices under pressure despite occasional short-term gains.

US Natgas Prices Attempt Rebound from 9-Month Low

US natural gas futures rose more than 2% to above $2.8/MMBtu, rebounding from a nine-month low of $2.752 on August 20 as falling output and higher LNG export demand tightened the market. Production was on track to drop about 3.6 bcfd to a six-week low of 106.4 bcfd from a record 109.8 bcfd on July 28. Also, flows to LNG export plants averaged 15.8 bcfd so far in August, up from 15.5 in July. In addition, EIA data showed that US utilities injected just 13 bcf for the week ended August 15, far below expectations of 22 bcf and well under the 35 bcf five-year average, leaving inventories 5.8% above seasonal norms. Looking ahead, the weather is forecast to stay near normal through early September, suggesting limited demand shocks.

Natural gas is down by 5.04%

Natural gas decreased 5.04% to 2.7442 USD/MMBtu

US Natgas Prices Fall to 9-Month Low

US natural gas futures fell to below $2.8/MMBtu, near their lowest since November 2024, pressured by near-record production and strong storage levels. Output in the Lower 48 states averaged 108.1 bcfd so far in August, up from July’s record 107.9 bcfd. Despite a hotter-than-usual summer, robust supply has allowed above-average injections into storage, with inventories about 7% above seasonal norms and expected to keep growing. The latest EIA data showed a 56 bcf storage build for the week ended August 8, well above seasonal norms. Meanwhile, LNG feedgas flows averaged 16.2 bcfd so far in August, up from 15.5 bcfd in July. Looking ahead, weather is expected to stay hotter than normal through late August.

US Natgas Prices Fall on Monday

US natural gas futures fell to $2.81/MMBtu, near their lowest since November 2024, pressured by near-record production and strong storage levels. Output in the Lower 48 states averaged 108.1 bcfd so far in August, up from July’s record 107.9 bcfd. Despite a hotter-than-usual summer, robust supply has allowed above-average injections into storage, with inventories about 7% above seasonal norms and expected to keep growing. The latest EIA data showed a 56 bcf storage build for the week ended August 8, well above seasonal norms. Meanwhile, LNG feedgas flows averaged 16.2 bcfd so far in August, up from 15.5 bcfd in July. Looking ahead, weather is expected to stay hotter than normal through late August.

Trending Today

Natural Gas Price History

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 5.1%

• Natural gas futures experienced a bearish movement today due to:
• Forecasts for milder weather reducing near-term cooling demand.
• Near-record output levels and strong storage injections contributing to oversupply concerns.
• Lower demand outlook as production hit new records, allowing for significant injections into storage.
• Despite hot weather and high demand for cooling, the market was pressured by the abundance of supply and export trends.

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.

09.06.2025 - GAS Commodity was down 6.0%

• Natural gas prices experienced a bearish movement, dropping to a 6-week low.
• The decrease in prices can be attributed to rising supply levels, strong storage levels, and above-average weekly builds.
• Despite strong demand driven by hotter-than-normal weather and increased LNG exports, the surplus in storage and higher output contributed to the downward pressure on prices.
• Geopolitical tensions, uncertainties around tropical storm activity, and concerns about winter supply also added volatility to the market, influencing the bearish movement of natural gas prices.

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.

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.

22.06.2025 - GAS Commodity was down 5.0%

• Natural gas futures dropped over 5% due to strong supply and a softer demand outlook, with production at a new record level and high gas inventories.
• Despite hovering at a 3-week high previously, prices fell as cooling demand eased and supply remained robust.
• The extreme heat across the US had initially boosted demand, but as forecasts showed a slight easing in demand, prices saw a 1% increase, reaching a two-week high.
• Overall, the bearish movement can be attributed to a combination of factors including supply outpacing demand, easing cooling needs, and fluctuations in LNG exports and production levels.