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US natural gas demand exceeded supply in 2022 as LNG exports rose, but prices have dipped due to warm winter weather. Storage is about 24% above the five-year average and LNG export capacity has expanded.
Growing LNG export demand supports medium-term gas prices, but the current storage surplus keeps near-term input costs under pressure.
After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.