Natural Gas Weekly News Brief: Week of Nov 9–13, 2026
December gas rose more than 7% to $3.230 on record LNG feedgas and colder forecasts, while storage sat 2% above normal and gas rigs fell to 127.
The short version
- December NYMEX futures rose 23.2 cents, or more than 7%, on the week to $3.230/MMBtu, after touching a seven-week high of $3.340 on Nov 12, as record LNG feedgas and a colder mid-month outlook lifted prices.
- U.S. LNG feedgas hit a record 20.4 Bcf/d on Nov 9, with nearly every export plant at or near full capacity.
- EIA reported a 61 Bcf storage build, bringing inventories to 3,862 Bcf, 2.0% above the five-year average.
- Gas rigs fell 4 to 127, the lowest since August, while EIA cut its winter Henry Hub forecast 16% to $2.87/MMBtu.
- Poland's Orlen cancelled a long-term Qatari LNG contract, the first known termination since the Iran war disrupted Qatar's exports.