US Natural Gas Remains Near 3-Week Lows

2026-03-26 03:30 By Judith Sib-at 1 min. read

US natural gas futures rose to $2.97 per MMBtu on Thursday, but stayed near a three-week low as traders awaited the EIA’s weekly storage report later in the day, which is expected to show inventories staying slightly above the five-year average.

Projections point to a 51 Bcf withdrawal, likely the final draw of the winter season.

Temperatures are now forecasted to remain warmer than normal through April 9, limiting gas consumption in the coming weeks.

In the Middle East, Iran rejected a US ceasefire proposal and presented its own negotiation framework.

Still, the White House said talks with Iran remained ongoing and productive, despite Tehran’s public denials.

Despite the geopolitical uncertainty, the US remains largely insulated from external supply shocks, given that domestic output covers all consumption needs, and LNG export capacity is already maxed out, preventing additional exports even if global prices rise.



News Stream
US Natural Gas Remains Near 3-Week Lows
US natural gas futures rose to $2.97 per MMBtu on Thursday, but stayed near a three-week low as traders awaited the EIA’s weekly storage report later in the day, which is expected to show inventories staying slightly above the five-year average. Projections point to a 51 Bcf withdrawal, likely the final draw of the winter season. Temperatures are now forecasted to remain warmer than normal through April 9, limiting gas consumption in the coming weeks. In the Middle East, Iran rejected a US ceasefire proposal and presented its own negotiation framework. Still, the White House said talks with Iran remained ongoing and productive, despite Tehran’s public denials. Despite the geopolitical uncertainty, the US remains largely insulated from external supply shocks, given that domestic output covers all consumption needs, and LNG export capacity is already maxed out, preventing additional exports even if global prices rise.
2026-03-26
US Natural Gas Hovers at Over 3-Week Low
US natural gas futures traded around $2.90 per MMBtu on Wednesday, hovering at their lowest level in more than three weeks amid hopes that oil exports from the Persian Gulf could resume. The gas market tracked broader weakness across global energy prices following reports that the US is pursuing a month-long ceasefire in its conflict with Iran and has presented a 15-point proposal for negotiations. Additional downward pressure came from weather forecasts indicating temperatures will remain warmer than normal through April 8, which would reduce heating demand in the coming weeks. US natural gas prices have reacted far less to the Middle East war compared to global markets as the country produces all the gas it consumes, and LNG export facilities are already running at full capacity. And so, even if global gas prices surge due to geopolitical tensions, the US cannot significantly increase LNG exports.
2026-03-25
US Natural Gas Rises After Sharp Fall
US natural gas futures rose to $2.90 per MMBtu on Tuesday, having fallen 6% to an over three-week low on Monday on warmer weather forecasts that are set to curb heating demand. Forecasts indicated that temperatures will remain above seasonal averages across the western two-thirds of the US through April 1. Meanwhile, traders remain attentive to developments in the Middle East after Iran denied engaging in talks with the US, as President Trump postponed a threat to bomb Iran’s power grid for five days. Despite elevated tensions, US natural gas prices have remained largely stable since the conflict began on February 28, due to ample inventories and limited short-term exposure to global markets. Latest EIA data showed US gas stockpiles at 10.4% above year-ago levels and 2.6% above the five-year average, while LNG export facilities are operating near full capacity.
2026-03-24