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NatGas Central
NatGas Central

November 2026

2 posts · All commentary

Posts in November 2026

The house view is shown only where it changed from the post before (a dash = unchanged)

El Niño Mildness Meets a Maxed-Out LNG Bid

Natural gas futures rose 3.5% to near $3 last week despite a widening storage surplus, as strong LNG exports offset a mild El Niño start to the heating season.

1–3 mo unchanged3–6 mo unchanged6–12 mo unchanged

Storage Surprise Meets a Polar Vortex Wildcard

Natural gas fell 5% last week as a bigger-than-expected storage build and El Niño warmth hit December; this week hinges on the EIA report and early cold risk.

3–6 mo Cautious was Balanced

1–3 mo unchangedCautious (changed, was Balanced)6–12 mo unchanged

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