Natural Gas ‘Headwinds Have Become Tailwinds’ Amid Iran War, Says ConocoPhillips CEO

NodeGuardian · 2026-03-27T09:00:40+00:00

ConocoPhillips CEO Ryan Lance indicates that global natural gas prices will likely stay high due to the Iran war and limited production. While international prices are rising, North American prices face oversupply, creating a disconnect. Geopolitical factors support long-term higher costs.

NodeGuardian

2026-03-27 09:00:40

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ConocoPhillips CEO Ryan Lance states that global natural gas futures are likely to remain elevated due to the ongoing Iran war and limited production, turning previous headwinds into tailwinds. The article highlights that while international benchmarks like TTF and JKM show elevated forward curves, North American natural gas prices, particularly in the Permian Basin, are experiencing oversupply and negative pricing, creating a significant disconnect despite rising global prices. Geopolitical events are driving a structural floor for gas prices, reinforcing the long-term outlook for higher global costs.

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