US Natgas Prices Drop Again

2026-04-08 01:01 By Judith Sib-at 1 min. read

US natural gas futures fell more than 3% to $2.77 per MMBtu on Wednesday, erasing the previous session’s gains to hover at its lowest level since August 2025.

The gas market tracked broader weakness across global energy markets after the US and Iran agreed to a two-week ceasefire, an arrangement expected to pause the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz.

Iran said safe passage through the strait was “possible” for two weeks.

Additional pressure came from forecasts pointing for milder weather and weaker demand over the next two weeks, with temperatures projected to stay mostly warmer than normal through April 22.

Tuesday’s brief rebound, when gas prices rose 2.1%, was supported by a drop in daily output.

US production has fallen by 3 bcfd over the past two days to a two-week low of 108.9 bcfd, driven largely by declines in Louisiana and Arkansas.



News Stream
US Natgas Prices Drop Again
US natural gas futures fell more than 3% to $2.77 per MMBtu on Wednesday, erasing the previous session’s gains to hover at its lowest level since August 2025. The gas market tracked broader weakness across global energy markets after the US and Iran agreed to a two-week ceasefire, an arrangement expected to pause the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. Iran said safe passage through the strait was “possible” for two weeks. Additional pressure came from forecasts pointing for milder weather and weaker demand over the next two weeks, with temperatures projected to stay mostly warmer than normal through April 22. Tuesday’s brief rebound, when gas prices rose 2.1%, was supported by a drop in daily output. US production has fallen by 3 bcfd over the past two days to a two-week low of 108.9 bcfd, driven largely by declines in Louisiana and Arkansas.
2026-04-08
US Natgas Prices Rise on Tuesday
US natural gas futures rebounded more than 2% to $2.87 per MMBtu on Tuesday, supported by a drop in daily output, with production falling by around 3 bcfd over the past two days to a two week low of 108.9 bcfd, largely due to declines in Louisiana and Arkansas. Despite the uptick, prices remain near their lowest levels since September 2025 as mild spring weather continues to weigh on demand. Softer temperatures have allowed utilities to inject more gas into storage, with inventories projected to stand about 5% above seasonal norms in early April. Forecasts point to continued warmer than average conditions through April 22, further limiting heating demand. Supply pressures are also easing as LNG feedgas flows slipped to a four week low of 17.9 bcfd on Tuesday, mainly due to reduced deliveries to Cheniere Energy’s Sabine Pass facility, even as overall April flows remain elevated.
2026-04-07
US Natgas Prices Drop to Over 7-Month Low
US natural gas futures fell to $2.79 per MMBtu, their lowest level since August 2025, as mild spring weather continued to suppress demand and allow storage levels to build. The latest EIA data showed a 36 Bcf injection for the week ending March 27, compared with a five-year average withdrawal of 4 Bcf. Meanwhile, President Donald Trump issued a new ultimatum to Iran, threatening to strike Iranian oil facilities and other civilian infrastructure if the Strait of Hormuz is not reopened. Tehran, however, rejected the demand as well as a Pakistani-brokered proposal for a temporary ceasefire. Despite the tensions, US natural gas remain largely insulated from the overseas supply shock, as domestic export terminals are already operating near full capacity. Meanwhile, two LNG tankers from Qatar aborted their attempt to transit the Strait on Monday after earlier heading eastward.
2026-04-06