Market Update: Natural gas prices rallied this week as colder near-term forecasts lifted heating demand. NYMEX Henry Hub December futures settled at $3.340/MMBtu on November 12, up about 39 cents from a week earlier, while January continues to carry a sizable winter premium over December. Spot prices followed futures higher, with the sharpest gains in the Northeast as demand climbed.
Storage and weather remain the main checks on further upside. Speaking at an industry forum this week, a BP managing director said strong storage inventories and a super El Niño pattern are keeping a lid on prices this winter, even as LNG and data center demand continue to grow. Near term, Midwest temperatures were forecast about 5°F below normal on November 13, lifting regional demand to 16.76 Bcf/d, but NOAA's outlook turns warmer for much of the country next week.

Storage Report: The EIA reported a 61 Bcf injection for the week ended November 6, well above the five-year average of about 40 Bcf and last year's roughly 44 Bcf. Total working gas stands at 3.862 Tcf, 75 Bcf (2.0%) above the five-year average and 92 Bcf (2.3%) below year-ago levels.



Weather: NOAA’s 6–10 day outlook (valid November 18–22) favors above-normal temperatures across most of the country, with the highest odds, above 80%, over the Great Lakes, while below-normal temperatures are favored across the West. The mild pattern east of the Rockies should keep heating demand in check heading into Thanksgiving week.

Market Update: Natural gas prices rallied this week as colder near-term forecasts lifted heating demand. NYMEX Henry Hub December futures settled at $3.340/MMBtu on November 12, up about 39 cents from a week earlier, while January continues to carry a sizable winter premium over December. Spot prices followed futures higher, with the sharpest gains in the Northeast as demand climbed.
Storage and weather remain the main checks on further upside. Speaking at an industry forum this week, a BP managing director said strong storage inventories and a super El Niño pattern are keeping a lid on prices this winter, even as LNG and data center demand continue to grow. Near term, Midwest temperatures were forecast about 5°F below normal on November 13, lifting regional demand to 16.76 Bcf/d, but NOAA's outlook turns warmer for much of the country next week.

Storage Report: The EIA reported a 61 Bcf injection for the week ended November 6, well above the five-year average of about 40 Bcf and last year's roughly 44 Bcf. Total working gas stands at 3.862 Tcf, 75 Bcf (2.0%) above the five-year average and 92 Bcf (2.3%) below year-ago levels.



Weather: NOAA’s 6–10 day outlook (valid November 18–22) favors above-normal temperatures across most of the country, with the highest odds, above 80%, over the Great Lakes, while below-normal temperatures are favored across the West. The mild pattern east of the Rockies should keep heating demand in check heading into Thanksgiving week.

Market Update: Natural gas prices rallied this week as colder near-term forecasts lifted heating demand. NYMEX Henry Hub December futures settled at $3.340/MMBtu on November 12, up about 39 cents from a week earlier, while January continues to carry a sizable winter premium over December. Spot prices followed futures higher, with the sharpest gains in the Northeast as demand climbed.
Storage and weather remain the main checks on further upside. Speaking at an industry forum this week, a BP managing director said strong storage inventories and a super El Niño pattern are keeping a lid on prices this winter, even as LNG and data center demand continue to grow. Near term, Midwest temperatures were forecast about 5°F below normal on November 13, lifting regional demand to 16.76 Bcf/d, but NOAA's outlook turns warmer for much of the country next week.

Storage Report: The EIA reported a 61 Bcf injection for the week ended November 6, well above the five-year average of about 40 Bcf and last year's roughly 44 Bcf. Total working gas stands at 3.862 Tcf, 75 Bcf (2.0%) above the five-year average and 92 Bcf (2.3%) below year-ago levels.



Weather: NOAA’s 6–10 day outlook (valid November 18–22) favors above-normal temperatures across most of the country, with the highest odds, above 80%, over the Great Lakes, while below-normal temperatures are favored across the West. The mild pattern east of the Rockies should keep heating demand in check heading into Thanksgiving week.


Market Update: Natural gas prices rallied this week as colder near-term forecasts lifted heating demand. NYMEX Henry Hub December futures settled at $3.340/MMBtu on November 12, up about 39 cents from a week earlier, while January continues to carry a sizable winter premium over December. Spot prices followed futures higher, with the sharpest gains in the Northeast as demand climbed.
Storage and weather remain the main checks on further upside. Speaking at an industry forum this week, a BP managing director said strong storage inventories and a super El Niño pattern are keeping a lid on prices this winter, even as LNG and data center demand continue to grow. Near term, Midwest temperatures were forecast about 5°F below normal on November 13, lifting regional demand to 16.76 Bcf/d, but NOAA's outlook turns warmer for much of the country next week.

Storage Report: The EIA reported a 61 Bcf injection for the week ended November 6, well above the five-year average of about 40 Bcf and last year's roughly 44 Bcf. Total working gas stands at 3.862 Tcf, 75 Bcf (2.0%) above the five-year average and 92 Bcf (2.3%) below year-ago levels.



Weather: NOAA’s 6–10 day outlook (valid November 18–22) favors above-normal temperatures across most of the country, with the highest odds, above 80%, over the Great Lakes, while below-normal temperatures are favored across the West. The mild pattern east of the Rockies should keep heating demand in check heading into Thanksgiving week.

Market Update: Natural gas prices rallied this week as colder near-term forecasts lifted heating demand. NYMEX Henry Hub December futures settled at $3.340/MMBtu on November 12, up about 39 cents from a week earlier, while January continues to carry a sizable winter premium over December. Spot prices followed futures higher, with the sharpest gains in the Northeast as demand climbed.
Storage and weather remain the main checks on further upside. Speaking at an industry forum this week, a BP managing director said strong storage inventories and a super El Niño pattern are keeping a lid on prices this winter, even as LNG and data center demand continue to grow. Near term, Midwest temperatures were forecast about 5°F below normal on November 13, lifting regional demand to 16.76 Bcf/d, but NOAA's outlook turns warmer for much of the country next week.

Storage Report: The EIA reported a 61 Bcf injection for the week ended November 6, well above the five-year average of about 40 Bcf and last year's roughly 44 Bcf. Total working gas stands at 3.862 Tcf, 75 Bcf (2.0%) above the five-year average and 92 Bcf (2.3%) below year-ago levels.



Weather: NOAA’s 6–10 day outlook (valid November 18–22) favors above-normal temperatures across most of the country, with the highest odds, above 80%, over the Great Lakes, while below-normal temperatures are favored across the West. The mild pattern east of the Rockies should keep heating demand in check heading into Thanksgiving week.

Market Update: Natural gas prices rallied this week as colder near-term forecasts lifted heating demand. NYMEX Henry Hub December futures settled at $3.340/MMBtu on November 12, up about 39 cents from a week earlier, while January continues to carry a sizable winter premium over December. Spot prices followed futures higher, with the sharpest gains in the Northeast as demand climbed.
Storage and weather remain the main checks on further upside. Speaking at an industry forum this week, a BP managing director said strong storage inventories and a super El Niño pattern are keeping a lid on prices this winter, even as LNG and data center demand continue to grow. Near term, Midwest temperatures were forecast about 5°F below normal on November 13, lifting regional demand to 16.76 Bcf/d, but NOAA's outlook turns warmer for much of the country next week.

Storage Report: The EIA reported a 61 Bcf injection for the week ended November 6, well above the five-year average of about 40 Bcf and last year's roughly 44 Bcf. Total working gas stands at 3.862 Tcf, 75 Bcf (2.0%) above the five-year average and 92 Bcf (2.3%) below year-ago levels.



Weather: NOAA’s 6–10 day outlook (valid November 18–22) favors above-normal temperatures across most of the country, with the highest odds, above 80%, over the Great Lakes, while below-normal temperatures are favored across the West. The mild pattern east of the Rockies should keep heating demand in check heading into Thanksgiving week.

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