US Natgas Prices Fall

US natural gas futures fell to around $2.98 per MMBtu on Friday, trimming gains from the previous session, after the Trump administration said it is considering several measures to combat rising energy prices due to the ongoing conflict in the Middle East. Despite the pullback, prices remain on track for a weekly gain of more than 4%, amid concerns that the conflict could cause prolonged disruptions to vital Middle East gas supplies. Uncertainty over the timeline for restoring full operations at QatarEnergy’s Ras Laffan plant, the world’s largest LNG export hub, has heightened fears of a potential supply shortfall, particularly with the Strait of Hormuz also closed. Additional support for prices has come from a bigger-than-expected storage withdrawal, alongside warmer weather forecasts pointing to higher-than-expected demand this week.

US natural gas futures rose toward $3 per MMBtu on Thursday, following a sharp drop in the previous session, as investors closely watch developments in the US-Israel war with Iran. Prices had fallen 4.5% on Wednesday on reports that Iran signaled openness to discuss ending the conflict, though Tehran later denied the claim. The conflict has now entered its sixth day with no signs of abating, after the US sank an Iranian warship in international waters off Sri Lanka’s coast. The world’s largest LNG facility in Qatar remains shut, while the Strait of Hormuz is closed, heightening fears of a major supply shock. President Trump said the US would ensure safe passage for vessels and provide naval escorts if necessary, though details of the plan remain unclear. Meanwhile, the latest EIA data showed that US energy firms pulled an above-normal 132 billion cubic feet of natural gas from storage last week.

US natural gas futures rose toward $3 per MMBtu on Thursday, following a sharp drop in the previous session, as investors closely watch developments in the US-Israel war with Iran. Prices had fallen 4.5% on Wednesday on reports that Iran signaled openness to discuss ending the conflict, though Tehran later denied the claim. The conflict has now entered its sixth day with no signs of abating, after the US sank an Iranian warship in international waters off Sri Lanka’s coast. The world’s largest LNG facility in Qatar remains shut, while the Strait of Hormuz is closed, heightening fears of a major supply shock. President Trump said the US would ensure safe passage for vessels and provide naval escorts if necessary, though details of the plan remain unclear. Meanwhile, domestic natural gas inventories are also expected to have fallen again last week.