Goldman lifts natural gas price forecasts on supply, weather uncertainty

After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

• Feb 12, 2025Winter Weather, LNG Demand Raises Forecast Natural Gas Benchmark Prices — The Offtake+54.4%
• Jul 23, 2021Natural gas price nears three-year high as summer heat strains supply+0.8%
• Apr 20, 2020U.S. natgas rise on forecasts output will fall with oil price collapse+2.7%
• Apr 12, 2020Higher Natural Gas Prices Are On The Horizon | OilPrice.com-0.3%
• Nov 27, 2024Goldman warns of likely Asia LNG price rise on European supply crunch | Reuters-12.6%

After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.

• Feb 12, 2025Winter Weather, LNG Demand Raises Forecast Natural Gas Benchmark Prices — The Offtake+0.3%
• Oct 28, 2026European natural gas prices soar: What it means for your winter bills-1.3%
• Oct 5, 2021Gas price surges to a record high in Europe on supply concerns+6.2%
• Jan 19, 2022High natural gas prices could lead to spike in food costs through fertilizer link | S&P Global-0.3%
• Oct 5, 2020Natural Gas Price Benchmarks | European Gas Hub-0.5%