US Natural Gas Prices Rise to 4-Month High

2026-06-04 15:06 By Andre Joaquim 1 min. read

US natural gas futures rose past $3.3 per MMBtu, the highest in four months, amid no progress in supply from the Middle East and higher demand domestically.

Israel and Lebanon continued to exchange strikes to strain their ceasefire, limiting the likelihood of an imminent agreement between the US and Iran that would lift the tanker blockade from the Persian Gulf.

Exports of liquified natural gas from the region have slumped since the start of the war in March, driving European and Asian consumers to increase their dependency on US supplies.

Consequently, the latest data from the EIA showed that US LNG exports rose to a record high of 573.5 billion cubic feet gaseous equivalent.

Meanwhile, forecasts of higher temperatures in the US northeast increased the outlook of gas-intensive air conditioning, also lifting prices.

Consistently, inventory in the US rose by 95 bcf, below forecasts of a sharper 101 bcf build.



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US Natural Gas Prices Rise to 4-Month High
US natural gas futures rose past $3.3 per MMBtu, the highest in four months, amid no progress in supply from the Middle East and higher demand domestically. Israel and Lebanon continued to exchange strikes to strain their ceasefire, limiting the likelihood of an imminent agreement between the US and Iran that would lift the tanker blockade from the Persian Gulf. Exports of liquified natural gas from the region have slumped since the start of the war in March, driving European and Asian consumers to increase their dependency on US supplies. Consequently, the latest data from the EIA showed that US LNG exports rose to a record high of 573.5 billion cubic feet gaseous equivalent. Meanwhile, forecasts of higher temperatures in the US northeast increased the outlook of gas-intensive air conditioning, also lifting prices. Consistently, inventory in the US rose by 95 bcf, below forecasts of a sharper 101 bcf build.
2026-06-04
US Natgas Prices Advance
US natural gas futures rose to around $3.23 per MMBtu as investors await the weekly storage data, which is expected to show a slight increase in the supply surplus. Prices remain supported by weather-driven demand expectations, with forecasts pointing to mostly above-normal temperatures through June 18. This should lift gas-fired power generation as air-conditioning demand rises. On the supply side, average production in the Lower 48 states fell to 109.0 bcfd so far in June from 109.7 bcfd in May. The decline in output over recent weeks has likely narrow the storage surplus to around 5.9% above normal for the week ended May 29, compared with 6.2% in the previous week. However, upside momentum has been partially offset by weaker LNG demand. Average feedgas flows to major LNG export terminals have fallen from 17.1 bcfd in May to 16.3 bcfd so far in June amid ongoing seasonal maintenance at several facilities.
2026-06-04
US Natgas Prices Extend Decline
US natural gas futures dropped to around $3.15 per MMBtu, extending their pullback from a three-month high amid weaker LNG export demand. Average feedgas flows to major LNG export facilities declined from 17.1 bcfd in May to 16.0 bcfd in early June due to seasonal maintenance at several plants, with daily flows falling to a four-month low. This increases available inventories at a time when storage is already relatively comfortable, at over 6% above the five-year average. Losses, however, were partly limited by weather forecasts pointing to mostly above-normal temperatures through June 17, which is expected to boost gas consumption from power generators as air-conditioning use rises. In addition, gas production in the Lower 48 states averaged 108.8 bcfd so far in June, down from 109.7 bcfd in May.
2026-06-03