Natural Gas Weekly News Brief: Week of Nov 2–6, 2026
Gas futures gained 10 cents as output dipped and LNG feedgas climbed, storage rose 77 Bcf, and European gas posted its worst week since early 2025.
The short version
- December NYMEX futures rose 10 cents on the week to $2.998/MMBtu, as lower output and climbing LNG feedgas outweighed a mild November outlook.
- EIA reported a 77 Bcf storage build, lifting inventories to 3,801 Bcf, 1.4% above the five-year average.
- Europe's TTF benchmark fell more than 15% for the week, its steepest weekly drop since early 2025, while EU storage sat near 74% full.
- Freeport LNG's feedgas dipped again after a Gulf South pipeline notice, then climbed back above 2 Bcf/d by Nov 7.
- Gas rigs rose by 1 to 131, and QatarEnergy is reported to be in advanced talks for supply from NextDecade's proposed Rio Grande Train 6.