Natural Gas
1 NG = $2.928
News — articles from publishers · Digest — our daily curated roundup · AI insights — model-generated take

U.S. natural gas futures gave back recent gains on August 28, 2026, amid extended summer weather support fading and broader energy market weakness. Prices declined around 0.9-1.4% in recent sessions as traders assessed supply dynamics.

The US-Iran conflict has stranded Qatari gas exports for up to six months, lifting US LNG sales while sending European storage levels and prices into turmoil. UK energy regulator Ofgem raised the price cap by 4% citing war-driven gas cost surges.

US natural gas futures rose for a second consecutive week, buoyed by hot summer weather increasing power-sector cooling demand, even as oil markets grappled with Iran-related headlines.

Front-month natural gas futures fell about 2% to around $2.715 per MMBtu, hitting multi-month lows. High production above 110 Bcf/d, storage levels 6.4% above average, and softer LNG export flows pressured prices.

US natural gas futures rose on August 12 as forecasts pointed to stronger power-sector demand from heat across the southern two-thirds of the country. Inventory builds remain a factor but are expected to moderate.

German utility Uniper stated on August 11, 2026, that gas prices are likely to stay elevated around €50-60 per megawatt hour as long as the Strait of Hormuz remains effectively closed to normal traffic.

Uncertainties over the reopening of the Strait of Hormuz have lifted European TTF natural gas prices more than 5%, raising winter supply worries amid Middle East tensions.

Henry Hub natural gas rose 0.83% to $2.66/MMBtu and crude oil added 1.15% to around $78.18 per barrel as of August 7, supported by geopolitical supply risks.