US Natural Gas Prices Slip

2026-03-20 01:34 By Kyrie Dichosa 1 min. read

US natural gas futures fell to below $3.10 per MMBtu, giving back gains from the previous session, tracking a broader decline in energy commodities, following signals that the US may soon lift sanctions on Iranian oil at sea to ease price pressures.

Treasury Secretary Scott Bessent said the move could release roughly 140 million barrels, helping to stabilize prices over the next 10–14 days.

Simultaneously, President Donald Trump stated that the US has no plans to deploy ground troops, while Benjamin Netanyahu indicated that Israel would hold off on further strikes against Iranian energy infrastructure, easing concerns after the largest day of attacks on energy assets since the conflict began, including severe damage to the world’s biggest LNG plant in Qatar.

Meanwhile, the EIA’s latest weekly report showed a 35 billion cubic feet increase in storage, suggesting that heating demand is starting to ease as winter winds down.



News Stream
US Natgas Prices at 7-Week High
US natural gas futures held above $3.10 per MMBtu, the highest level in over seven weeks, amid hotter weather forecasts and falling output. High temperatures are expected across much of the southern and eastern US through midweek, potentially boosting gas demand from electricity providers to meet increased cooling needs. On the supply side, production continued to decline, as some energy companies, such as EQT, curtailed output in response to persistently weak spot prices. Limiting further gains, however, flows to major US export facilities eased from a monthly record of 18.8 bcfd in April to around 17.0 bcfd so far in May, amid seasonal maintenance at plants including Golden Pass and Freeport LNG. Meanwhile, reports suggested that three US LNG vessels are anticipated to arrive in China in June, the first such shipments since February 2025.
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US Natgas Prices Hit 7-Week High
US natural gas futures climbed to $3.03 per MMBtu, reaching a seven-week high, following a near-normal storage report and a continued decline in output. The EIA reported an injection of 85 bcf of gas into storage for the week ended May 8, matching forecasts, below the 109 bcf build a year earlier and close to the five-year average increase of 84 bcf. On the supply side, production continued to fall as some energy companies, such as EQT, scaled back activity in response to persistently weak spot prices, with daily production dropping to a 15-week low. Meanwhile, flows to major US export facilities eased from a monthly record of 18.8 bcfd in April to around 17.0 bcfd so far in May, with daily volumes slipping to a 15-week low amid seasonal maintenance at plants including Golden Pass and Freeport LNG. Weather forecasts point to mostly normal conditions through late May, limiting near-term upside demand from cooling needs.
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