Natural Gas Futures Extend Drop on Delayed Winter Arrival, Golden Pass LNG Project

After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.

• Sep 21, 2020October Natural Gas Futures Drop amid LNG Setback, Storms and Cooler Temps+12.8%
• Oct 18, 2022With Demand Disappointing, Natural Gas Futures Prices Tumble Further-17.2%
• Jan 27, 2025As Weather Outlooks Erase Cold, Natural Gas Futures Tank on Weaker Demand Expectations-24.1%
• Jan 5, 2026U.S. Natural Gas Extends Losses on Milder Weather Outlook - WSJ-20.7%
• Feb 25, 2022April Natural Gas Futures Debut with Thud on Warming Forecast, Returning Output+0.1%

After 13 past neutral weather events, Crude Oil (WTI) moved a median +2.3% over 5 sessions (62% higher; middle half -0.9% to +4.7%), and +6.1% over 20.

• Jun 30, 2020US and European natural gas prices rise with Gulf Coast LNG futures as demand picture improves+2.3%
• Jan 26, 2026Natural gas prices hit $6 as Winter Storm Fern brings extreme cold+6.4%
• Jun 29, 2020US natgas futures jump 10pc on warmer weather view - Markets - Business Recorder+5.3%
• Jan 26, 2026When the US freezes, the global LNG market catches a cold | Reuters+6.4%
• Oct 27, 2026CBoT corn drops on US harvest pressure - Markets - Business Recorder-1.0%