U.S. natural gas futures rose after a slightly bigger-than-expected 132 Bcf weekly inventory draw that widened the deficit to the five-year average to 43 Bcf from 7 Bcf.

The natural gas markets have rallied a bit during the day on Friday as we head into a potentially dangerous weekend. However, most traders will need to understand that this is an American contract.

Natural gas in underground storage is seen down by 125 billion cubic feet at 1,893 Bcf in the week ended Feb. 27, according to the average estimate of 12 analysts, brokers and traders surveyed by The Wall Street Journal. Forecasts range from a withdrawal of 116 Bcf to a withdrawal of 137 Bcf.

US natural gas futures (NG1:COM) are hovering near $3 per MMBtu, holding just above a rising long-term trendline that has guided the market since late summer 2025. Read more

Disruption to LNG supplies could dent European growth and harm reindustrialization ambitions.

Global energy trade is in turmoil as war around the Persian Gulf chokes off oil and natural gas shipments, causing prices to soar. Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the Strait of Hormuz,

Natural gas confirmed a bullish falling wedge breakout Friday, reclaiming key averages, suggesting a potential rally, though resistance near prior highs may limit momentum in the near term.

Europe's benchmark natural gas prices are set for a 50% weekly surge, the largest since 2023, due to a Middle East conflict closing the Strait of Hormuz and leading to a supply halt from Qatar, which has intensified Europe's competition with Asia for remaining LNG cargoes.

Atmos sent personnel to suspend natural gas service to this part of their system, inspect the line, and make necessary repairs.

QatarEnergy, a state-owned energy company, said on Monday it has halted production of liquefied natural gas.

The U.S. is the world’s largest exporter of liquefied natural gas, and one relatively obscure U.S. company seems ready to reap the benefits of a surge in global natural-gas prices following the U.S. and Israel’s attacks on Iran and the widening conflict in the Middle East.