US Natgas Prices Extend Losses

2026-03-23 15:37 By Agna Gabriel 1 min. read

US natural gas futures extended losses, falling more than 5.5% to around $2.92 per MMBtu on Monday after a 2.2% drop in the prior session, pressured by milder weather forecasts that point to weaker demand for heating and power generation.

Temperatures are now expected to run above average across the western two thirds of the US through April 1.

Prices were also dragged lower by a broader energy selloff after President Donald Trump said he was in talks to end the war in Iran, prompting declines in oil and outflows from energy futures.

Despite geopolitical tensions, US gas has remained relatively stable since the US and Israel attacked Iran on Feb. 28, due to ample inventories and limited short term exposure to global markets.

EIA data showed stockpiles were 10.4% above last year and 2.6% above the five year average, while LNG export capacity remains near full utilization, limiting the ability to capitalize further on global supply disruptions.



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US Natgas Prices Extend Losses
US natural gas futures extended losses, falling more than 5.5% to around $2.92 per MMBtu on Monday after a 2.2% drop in the prior session, pressured by milder weather forecasts that point to weaker demand for heating and power generation. Temperatures are now expected to run above average across the western two thirds of the US through April 1. Prices were also dragged lower by a broader energy selloff after President Donald Trump said he was in talks to end the war in Iran, prompting declines in oil and outflows from energy futures. Despite geopolitical tensions, US gas has remained relatively stable since the US and Israel attacked Iran on Feb. 28, due to ample inventories and limited short term exposure to global markets. EIA data showed stockpiles were 10.4% above last year and 2.6% above the five year average, while LNG export capacity remains near full utilization, limiting the ability to capitalize further on global supply disruptions.
2026-03-23
US Natgas Prices Decline
US natural gas futures traded at around $3 per MMBtu, remaining in a tight range, as investors weighed regional oversupply against tightening global markets amid the Iran war. Higher oil output has lifted associated gas production in the Permian Basin, which makes about a quarter of US supply, but limited pipeline and processing infrastructure has caused a local gas surplus, leading to more flaring. Meanwhile, global LNG exports dropped to a six-month low, highlighting the divide in supply conditions. Shipments fell about 20% to 1.1 million tons, mainly from Qatar and, to a lesser extent, the UAE, as the Strait of Hormuz was disrupted. Escalating tensions with Iran forced shutdowns at Qatar’s Ras Laffan facility, the world’s largest LNG plant, with repairs expected to take years. As a result, recent supply additions from new US and Canadian projects have been nearly offset by losses from Qatar and the near-closure of the passageway.
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US Natural Gas Prices Slip
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.
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