Natural Gas Daily Brief: Thursday, November 12, 2026

Heating demand 3 below normal this week; storage 54 above the 5-year average.

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The short version

  • Heating demand, next 6 days: 115 heating degree days, 3 below the normal of 118.
  • Forecast change: 5 heating degree days colder than the previous day's forecast.
  • Storage: 3,801 Bcf, 54 above the 5-year average and 109 below last year.
  • Power burn: down 1% week over week.
  • Positioning: managed money net short 225,359 contracts.
  • Price drivers: 4 bullish, 3 bearish and 4 neutral readings by our fixed rules; overall mixed.