TREE NEWS reports: Goldman Sachs lowered its 2027 NYMEX natural gas price forecast to $2.80 per MMBtu from $3.50. The bank said demand growth may not sufficiently tighten the US gas balance until 2029, when prices could recover toward the high end of the $3.50-plus range.
Goldman Sachs cuts 2027 NYMEX natgas price forecast to $2.80
AI take
The revision signals a slower-than-expected tightening in US gas fundamentals, pushing the inflection point out two years. This affects producers and traders positioning for a near-term demand-driven rally, as the bank now sees oversupply persisting longer. The key watch is whether 2029's projected recovery holds or if other supply-side shifts alter that timeline.
Generated by AI for reference only.
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