Natural Gas ($GAS) Commodity Forecast: Up 7.3% Today

What is Natural Gas?

Natural Gas is a key commodity used for heating and electricity generation. Its prices are influenced by various factors such as supply and demand dynamics, weather conditions, and geopolitical tensions.

Why is Natural Gas going up?

GAS commodity is up 7.3% on Mar 12, 2026 1:35

• 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.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natural Gas Advances for 2nd Session

US natural gas futures rose to around $3.2 per MMBtu, building on its advance from the previous session, as markets remained focused on the Middle East conflict. Iran has said it will only consider a ceasefire if the US guarantees that neither Washington nor Israel will strike again, a condition the US is unlikely to accept, dimming near-term prospects. The war has previously shut the world’s largest LNG export terminal, Ras Laffan in Qatar, which is now running at its longest outage since at least 2008, while the critical Strait of Hormuz remains closed. Still, US natural gas prices have been relatively insulated compared with other global benchmarks, supported by ample domestic supply and LNG export capacity nearing its limit. Meanwhile, global efforts to curb surging energy prices have failed to offer relief, despite the IEA unveiling coordinated plans for an unprecedented release from strategic oil reserves.

US Natgas Prices Drop Further

US natural gas futures fell over 4% to below $3.05 per MMBtu on Monday as the prospect of a swift de-escalation in the Middle East eased the risk premium across the energy complex. While international benchmarks remained elevated due to the QatarEnergy force majeure, the Henry Hub was pressured by President Donald Trump suggesting the Iranian conflict is nearing completion and that traffic in the Strait of Hormuz is resuming. This shift in sentiment accelerated a sell-off driven by unseasonably warm weather forecasts and record domestic production levels. Furthermore, ongoing infrastructure outages at the Freeport LNG terminal in Texas continue to trap supply within the domestic market, limiting the influence of global scarcity on local prices. Despite a significant weekly storage withdrawal, the combination of high supply and reduced export capacity means that domestic natural gas has largely decoupled from the price volatility seen in crude oil.

US Natgas Prices Ease on Monday

US natural gas futures slipped to around $3.12 per MMBtu due to rising domestic supply and softer export demand. Gas flows to the nine main US LNG export terminals averaged about 18.1 bcfd so far in March, down from a record 18.7 bcfd in February, partly due to an outage at Freeport LNG’s Texas facility caused by a feedgas issue. Global energy markets remain volatile after QatarEnergy halted LNG production and declared force majeure during the conflict involving Iran, removing roughly 20% of global LNG supply and driving international gas prices higher. However, US prices have risen much less because the country already produces enough gas for domestic needs and LNG export capacity is near its limit. Weather is also capping demand, with forecasts calling for warmer-than-normal conditions across the US through late March, reducing heating needs. Meanwhile, gas production in the Lower 48 states has increased to about 110 bcfd so far in March.

Natural gas Hits 4-week High

Natural gas increased to 3.41 USD/MMBtu, the highest since February 2026. Over the past 4 weeks, Natural gas gained 8.52%, and in the last 12 months, it decreased 24.18%.

US Natgas Jumps on Global Supply Risks

US natural gas futures climbed to around $3.3 per MMBtu on Monday, reaching their highest levels in a month on growing fears that the escalating conflict in the Middle East could lead to longer-term disruption of global gas supplies. The risk of prolonged interruptions to LNG shipments from the region, particularly if the Strait of Hormuz remains closed, could boost demand for US gas, especially since the Iran war has had only limited impact on US production or export flows. Uncertainty surrounding the timeline for restoring full operations at QatarEnergy’s Ras Laffan facility, the world’s largest LNG export hub, has also intensified worries about a potential supply shortfall. The war has now entered its second week with no clear resolution in sight, as Iran continues attacks on its Middle East neighbors, while Israel has struck fuel depots in Iran and threatened the country’s power grid.

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Natural Gas Price History

04.01.2026 - GAS Commodity was up 5.3%

• The bullish movement in Natural Gas prices today can be attributed to the strong demand for liquefied natural gas (LNG) exports, with flows to export plants increasing and prices rising despite milder weather forecasts.
• The recent volatility in Natural Gas prices, including significant drops and rebounds, is a reflection of the market's sensitivity to weather forecasts and demand expectations.
• The impact of warmer weather outlooks on curbing heating demand, coupled with the ongoing strength in LNG export flows, has created a dynamic pricing environment for Natural Gas futures.

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.

03.01.2026 - GAS Commodity was down 12.3%

• Natural gas futures experienced a bearish movement due to warmer weather forecasts across the US, leading to reduced heating demand and lower consumption expectations.
• The recent collapse in prices was triggered by milder temperatures replacing the extreme cold snap, allowing for a quick rebound in gas output as frozen wells thawed.
• Despite the price decline, LNG export flows remained strong, limiting the extent of the fall in prices despite the improved supply situation.
• The market's volatility was evident in recent weeks, with prices surging to multi-year highs before the shift in weather forecasts and the return of production from frozen wells contributed to the significant drop in prices.

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.

05.01.2026 - GAS Commodity was up 5.6%

• The bullish movement in Natural Gas prices today can be attributed to:
• Traders awaiting the weekly storage data and expecting heavy withdrawals during the recent Arctic blast to tighten supply.
• Strong LNG demand, with gas flows to US export plants remaining high, reflecting robust global demand for US gas.
• Weather forecasts indicating colder temperatures in the Northeast, maintaining demand for heating.
• The recent bearish market movements were caused by:
• Warmer weather outlooks reducing heating demand and curbing power generation needs.
• Forecasts of milder conditions across the US, leading to a decrease in natural gas consumption.
• The volatility in Natural Gas prices can be seen as a result of conflicting weather forecasts, supply disruptions, and fluctuations in LNG export flows, creating uncertainty in the market.
• Overall, the market movement of Natural Gas today reflects the delicate balance between supply, demand, and weather conditions, showcasing the commodity's sensitivity to external factors.

06.01.2026 - GAS Commodity was up 5.4%

• Natural Gas prices surged due to a combination of factors:
• A smaller-than-expected storage draw eased concerns of tight supply, leading to increased confidence in the market.
• Strong LNG demand and higher flows to export terminals supported prices, indicating robust global demand for US gas.
• Warmer weather forecasts reduced heating demand concerns, balancing out the market dynamics.
• The recent cold snap likely resulted in heavy storage withdrawals, shifting inventories from above seasonal norms to slightly below average, further tightening supply.

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.

18.01.2026 - GAS Commodity was down 5.0%

• US natural gas futures experienced a bearish movement due to warmer weather forecasts and rising production, which weighed on prices.
• Despite strong LNG export demand and continued heavy storage withdrawals, the market was influenced by above-normal temperatures across the US, reducing heating demand.
• The record storage withdrawals during the Arctic blast in late January pushed inventories below seasonal norms, but analysts expect the deficit to narrow with mild weather in the coming weeks.
• The overall market sentiment for natural gas was bearish today, as weather forecasts pointed to warmer conditions, potentially easing demand and limiting price gains.

12.01.2026 - GAS Commodity was up 5.5%

• Natural gas futures rose due to near-record LNG export flows boosting demand, despite warmer weather forecasts reducing heating demand.
• The recent increase in drilling activity in the Haynesville Shale raised concerns about future supply, contributing to the downward pressure on prices.
• Colder weather in the US Northeast and higher flows to LNG terminals supported prices, aligning with increased natural gas benchmarks in Europe and Asia due to cold weather, driving US gas consumers to compete with higher overseas demand.
• Despite the overall bullish movement, the market remains volatile, with prices fluctuating due to factors like weather patterns, production levels, and export demands.