Natural Gas Rebounds as Shifting Weather Models Signal Late January Arctic Blast

Weather Volatility and Storage Draws

The market had previously liquidated long positions based on a warm start to winter. However, the new 'Arctic' outlook has forced short-sellers to cover. Despite the jump, U.S. storage remains roughly 4% above the five-year average, providing a healthy cushion.

LNG Export Records

Structural demand from LNG export terminals continues to provide a firm floor for prices. As new capacity comes online in 2026, the U.S. is cementing its position as the top global exporter, keeping Henry Hub prices supported even during milder spells.