The Natural Gas Oil Divergence May 2026 Explained

Episode 17 of Energy Economics with Fexingo dives into the sharp divergence between natural gas and crude oil in late May 2026. While WTI crude dropped 8% in five days to around 89 dollars a barrel and Brent fell over 10% to near 92, natural gas surged 12.5% to 3.27 dollars per MMBtu — a striking split driven by summer cooling demand, steady LNG exports, and a market that has already priced in potential supply disruptions. Lucas and Luna unpack the data, discuss the role of the U.S.-Iran ceasefire extension, and explore what this means for energy investors and consumers. Plus, a brief note on how listener support keeps the show ad-free. #EnergyEconomics #NaturalGas #CrudeOil #WTICrude #BrentCrude #HenryHub #EnergyMarkets #OilPrices #GasPrices #LNG #USIranCeasefire #EnergyDivergence #SummerDemand #FexingoBusiness #BusinessPodcast #Economics #MarketAnalysis #Commodities Keep every episode free: buymeacoffee.com/fexingo