# US natgas rises to 9-month high as output collapses ahead of Hurricane Laura - Markets - Business Recorder

> US natural gas futures reached a nine-month high as producers shut Gulf offshore wells ahead of Hurricane Laura, pushing output to its lowest since 2018. LNG exports fell to an 18-month low as vessels avoided the storm. Front-month prices were up about 41% in August, helped by sharp gains in European and Asian benchmarks.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/51821-us-natgas-rises-to-9-month-high-as-output-collapses-ahead-of-hurricane-laura
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Storm-related output losses tighten US supply and lift gas prices, which raises the cost of nitrogen fertilizer. The rally is driven by a temporary weather shock, so price risk depends on how quickly Gulf production returns.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-06-25 | [US natgas rises to fresh 29-month high - Markets - Business Recorder](https://feedsoft.ai/events/46765-us-natgas-rises-to-fresh-29-month-high-markets-business-recorder.md) | +10.5% | +21.6% |
| NATGAS | 2020-10-06 | [US natgas highest since November as hurricane shuts output, cold forecasts - Markets - Business Recorder](https://feedsoft.ai/events/8350-us-natgas-highest-since-november-as-hurricane-shuts-output-cold-forecasts.md) | +25.7% | +42.2% |
| NATGAS | 2021-08-28 | [US natgas jump to fresh 32-month high - Markets - Business Recorder](https://feedsoft.ai/events/45737-us-natgas-jump-to-fresh-32-month-high-markets-business-recorder.md) | +8.7% | +28.8% |
| NATGAS | 2023-08-31 | [US natgas prices rise 2% to 3-week high on hot forecasts, output decline - Markets - Business Recorder](https://feedsoft.ai/events/34749-us-natgas-prices-rise-2-to-3-week-high-on-hot-forecasts-output-decline-markets.md) | -4.5% | +7.9% |
| NATGAS | 2024-01-10 | [US natgas prices higher - Markets - Business Recorder](https://feedsoft.ai/events/4186-us-natgas-prices-higher-markets-business-recorder.md) | -11.0% | -39.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40014600

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.