US Natgas Prices Decline

2026-06-15 02:00 By Judith Sib-at 1 min. read

US natural gas prices fell 2% to around $3.0 per MMBtu, their lowest level in nearly three weeks, tracking broader declines across energy markets following a US–Iran peace deal.

Both sides confirmed they have reached an agreement to end their war, with President Donald Trump stating that Washington will end its naval blockade of Iranian ports and that the Strait of Hormuz, a key chokepoint for a fifth of the world’s oil and LNG supplies, will reopen once the agreement is formally signed on Friday.

Additional downward pressure came from strong domestic supply conditions.

US gas inventories have risen to 2.686 trillion cubic feet, around 6% above the five-year seasonal average, signaling a well-supplied market.

However, losses may be limited by improving demand prospects, with a recovery in LNG exports, along with forecasts for higher cooling demand as temperatures rise into early July.



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US Natgas Prices Decline
US natural gas prices fell 2% to around $3.0 per MMBtu, their lowest level in nearly three weeks, tracking broader declines across energy markets following a US–Iran peace deal. Both sides confirmed they have reached an agreement to end their war, with President Donald Trump stating that Washington will end its naval blockade of Iranian ports and that the Strait of Hormuz, a key chokepoint for a fifth of the world’s oil and LNG supplies, will reopen once the agreement is formally signed on Friday. Additional downward pressure came from strong domestic supply conditions. US gas inventories have risen to 2.686 trillion cubic feet, around 6% above the five-year seasonal average, signaling a well-supplied market. However, losses may be limited by improving demand prospects, with a recovery in LNG exports, along with forecasts for higher cooling demand as temperatures rise into early July.
2026-06-15
US Natgas Prices Fall to Over 2-Week Low
US natural gas prices extended their losses toward $3.0/MMBtu, the lowest level in over two weeks, after a larger-than-expected storage build. The EIA reported that US energy firms added 108 billion cubic feet of gas to storage last week, above forecasts of 101 bcf. Total inventories rose to 2.686 trillion cubic feet, around 6% above the five-year average, signaling ample supply. Warmer-than-normal weather is expected through June 26, which could boost gas demand from power generators. Meanwhile, average US LNG export flows fell to 16.5 bcfd in June from 17.1 bcfd in May due to maintenance at plants including Golden Pass LNG and Freeport LNG in Texas. US Lower 48 gas production also declined to 109.0 bcfd in June from 109.7 bcfd in May.
2026-06-11
US Natural Gas Prices Edge Up
US natural gas prices edged up to $3.19 per MMBtu, supported by forecasts for above-normal temperatures in the second half of June, which are expected to boost cooling demand. However, prices remain below the recent highs seen earlier in the month. According to LSEG, average gas production in the US Lower 48 has eased to 108.8 billion cubic feet per day in June, down from 109.7 bcfd in May. While the decline in output has helped narrow the storage surplus, inventories remain about 5% above the five-year seasonal average, pointing to broadly comfortable supply conditions heading into the summer. Meanwhile, net flows to major LNG export terminals have fallen to 16.3 bcfd so far in June from 17.1 bcfd in May, as seasonal maintenance at facilities including Golden Pass and Freeport LNG in Texas continues to weigh on export volumes.
2026-06-10