Macquarie lowered its outlook for liquefied natural gas prices, as new production capacity eased the global gas market. Macquarie currently expects the spot LNG price for the first fiscal quarter of 2026 to be $10.50 per million British thermal units, which is lower than the previous forecast of $12.00 per million British thermal units. The bank also cut its spot LNG price forecast for next quarter by 8.5% to 13%. Macquarie said, “Given that our outlook for oil and liquefied natural gas remains bearish, we think underrated oil and gas stocks are reasonable. ”

Macquarie lowered its outlook for liquefied natural gas prices, as new production capacity eased the global gas market. Macquarie currently expects the spot LNG price for the first fiscal quarter of 2026 to be $10.50 per million British thermal units, which is lower than the previous forecast of $12.00 per million British thermal units. The bank also cut its spot LNG price forecast for next quarter by 8.5% to 13%. Macquarie said, “Given that our outlook for oil and liquefied natural gas remains bearish, we think underrated oil and gas stocks are reasonable. ”