Keep your business in the know with all the latest energy news, insights, trends, and analysis. Our daily market updates provide you with a comprehensive overview of the latest energy market developments and how they may affect your business.
Keep your business in the know with all the latest energy news, insights, trends, and analysis. Our daily market updates provide you with a comprehensive overview of the latest energy market developments and how they may affect your business.
Morning Update
The November ’26 natural gas contract is trading up $0.08 at $2.78. The December ’26 crude oil contract is up $1.90 at $101.80.
Summary
Yesterday, the Nov ’26 natural gas contract gained 10 cents to settle at $2.70, while the 12-month strip lost a penny to $2.85, Cal ’27 declined two cents to $2.99, and Cals ’28 and ’29 unchanged at $3.63 and $3.66, respectively. Outside of the prompt contract, activity across the curve was minimal. The Nov '26 gain was supported by a sizable 2.8 Bcf/d increase in LNG feedgas exports, now at 21.2 Bcf/d and cooler revisions to weather forecasts, albeit with temperatures still expected to remain above average across much of the country. The Nov ’26 contract also expires today. NOAA’s 6-to-10-day outlook favors above-normal temperatures across the East and much of the northern tier, while the West is expected to remain closer to average. The 8-to-14-day outlook broadens the warmth, with above-average temperatures expected across the entire Lower 48. Looking ahead to this week’s storage report, expectations call for the EIA to report a 76 Bcf injection for the week ending October 23, one Bcf below the 77 Bcf 5-year average injection and one Bcf above last year’s 75 Bcf build, which would put projected storage near 3,720 Bcf, roughly 34 Bcf above the 5-year average and 151 Bcf below year-ago levels.
Morning Update
The November ’26 natural gas contract is trading up $0.062 at $2.664. The December ’26 crude oil contract is down $0.71 at $101.05.
Summary
Total demand for natural gas has averaged 106 Bcf/d over the past week, with much of the recent decline driven by lower power burn. Power burn reached a high of 33.9 Bcf/d before falling to 29.1 Bcf/d today, representing a decline of nearly 5 Bcf/d. Meanwhile, LNG feedgas has remained elevated, averaging approximately 21 Bcf/d over the past week. Golden Pass has yet to reach full capacity at its first train, but volumes have stabilized and recently approached the train’s estimated maximum of approximately 0.8 Bcf/d. Dry production also recovered following maintenance in the Appalachia region, averaging 111.8 Bcf/d over the past seven days.
Morning Update
The November ’26 natural gas contract is trading down $0.07 at $2.57. The December ’26 crude oil contract is down $2.77 at $100.50.
Summary
Last week, Henry Hub futures prices saw downward movement across the board, with near-term strips moving more than longer-term strips. The largest move from last week was the prompt month, which fell $0.48 to $2.64/MMBtu. The 12-month strip dropped $0.18 to $2.86/MMBtu, Calendar Strip 2027 moved down $0.13 to $3.00/MMBtu, while Calendar Strips 2028-2031 all dipped by $0.01-$0.04. Last week, natural gas production was relatively flat around 112 Bcf/d, before dropping to 111 Bcf/d over the weekend. Also last week, total natural gas demand dipped from 107 Bcf/d to 104 Bcf/d. The demand decrease came from power burn demand, which fell by 4.0 Bcf/d. Res/com heating demand rose by 1.0 Bcf/d, while all other demand sectors were flat. The weather this week is projected to be warmer than normal for everywhere east of the Rocky Mountains and normal conditions for the Western U.S.
Morning Update
The November ’26 natural gas contract is trading down $0.06 at $2.734. The December ’26 crude oil contract is up $1.74 at $101.23.
Summary
Longer-dated natural gas calendar strips were little-changed yesterday, with Cal '27 holding flat at $3.55/MMBtu. Despite softer fundamentals this morning, futures are trading modestly higher after the EIA reported a 77 Bcf storage injection, matching market expectations. Total demand for natural gas is projected to fall 2.2 Bcf/d to 105.7 Bcf/d today, driven primarily by a 2.8 Bcf/d decline in power burn and a 0.6 Bcf/d drop in LNG feedgas demand. Residential/commercial demand is on the rise, increasing 1.5 Bcf/d to 19.6 Bcf/d as cooler conditions boost heating load. On the supply side, dry gas production eased 0.2 Bcf/d to 106.3 Bcf/d, while Canadian imports declined 0.5 Bcf/d, pulling total supply down 0.7 Bcf/d day-over-day. Looking ahead, cooler-than-normal temperatures through the weekend should support res/com demand, though power burn is expected to remain under pressure as temperatures moderate across much of the country.
Morning Update
November ’26 natural gas contract is trading down $0.006 at $2.785. The December ’26 crude oil contract is up $2.19 at $99.33.
Summary
Natural gas prices moved lower day-over-day, with the largest weakness concentrated at the front of the curve. The prompt month fell $0.17 to $2.79/MMBtu, while the 12-month strip declined $0.07, and Cal '27 eased a nickel. Changes further out the curve were limited to roughly a penny or less. Natural gas fundamentals were slightly softer, with dry gas production down 0.4 Bcf/d to 111.4 Bcf/d and total demand down 0.5 Bcf/d to 106.9 Bcf/d, driven primarily by a 2.0 Bcf/d decline in power burn. LNG feedgas increased 0.3 Bcf/d to 21.0 Bcf/d, providing some offset. Weather forecasts remain broadly warm through the next 20 days, with notable warmth across the central and eastern U.S., limiting the near-term outlook for heating demand. The EIA is also scheduled to release its weekly storage report today, with consensus estimates calling for a 77 Bcf injection. If realized, the build would remain below the 5-year average injection of 87 Bcf.
Morning Update
The November ’26 natural gas contract is trading down $0.10 at $2.86. The December ’26 crude oil contract is down $0.02 at $97.80.
Summary
Natural gas fundamentals remain relatively balanced as total demand is projected to rise 0.8 Bcf/d to 105.5 Bcf/d today, though levels remain 2.7 Bcf/d below last week. U.S. demand declined 0.9 Bcf/d to 77.5 Bcf/d, led by a 1.2 Bcf/d drop in power burn to 31.1 Bcf/d, while res/com demand increased 0.5 Bcf/d to 16.6 Bcf/d. LNG feedgas provided the primary bullish offset, rebounding 1.4 Bcf/d to 21.2 Bcf/d and sitting 0.8 Bcf/d above last week. However, one of Freeport LNG’s three liquefaction trains went offline Oct. 20 in an apparent power-related outage, with Gulf South Pipeline subsequently anticipating reduced deliveries to the facility, creating some near-term downside risk to feedgas demand if the outage persists. On the supply side, dry gas production slipped 0.4 Bcf/d to 110.6 Bcf/d, bringing total supply down 0.3 Bcf/d to 115.1 Bcf/d, although production remains 1.1 Bcf/d above last week. Despite seasonally softer domestic consumption, strong LNG demand and lower day-over-day production are helping tighten balances, providing underlying support to near-term pricing as the market transitions toward stronger winter demand.
Morning Update
The November ’26 natural gas contract is trading down $0.07 at $2.98. The November ’26 crude oil contract is up $1.14 at $104.80.
Summary
Yesterday, NYMEX natural gas prices saw minimal changes across the board. The prompt month is down just six cents day-over-day, settling at $3.058/MMBtu. The 12-month strip and outer years remained flat, with no sudden movements at all yesterday. Lower-48 natural gas fundamentals are projected to be softer this morning. Dry gas production decreased by 1.6 Bcf/d to 109.9 Bcf/d, contributing to a 1.9 Bcf/d decline in total supply to 114.4 Bcf/d. Total natural gas demand fell by 3.3 Bcf/d to 103.8 Bcf/d. Most of the demand decrease came from residential/commercial demand, which declined by 1.8 Bcf/d, while power burn demand fell by 1.1 Bcf/d, and industrial demand decreased slightly by 0.1 Bcf/d. LNG feedgas is projected to be 22.1 Bcf/d today. If it reaches this level, it would be a new all-time high.
Thank you for subscribing to our daily market updates.
Thank you for subscribing to our newsletters.
Thank you for subscribing to our newsletters and daily market updates.
Failed to submit. Please try again.
By clicking the Subscribe today button above, you agree to the Privacy Policy and authorize NRG to contact you for marketing purposes at the telephone, email, or mobile number you entered using automated telephone technology, including auto-dialers and text messages, even if your telephone or mobile number is currently listed on any state, federal, or corporate "Do Not Call" list, and you are not required to give your consent as a condition of purchase.
Our experts analyze fossil fuel and renewable energy data to provide an unbiased view of the global energy landscape so that you can make the best decisions for your business.
Natural gas - Natural gas is a combustible fossil fuel that has been used for centuries.
Crude oil - Crude oil is a fossil fuel that is used to create gasoline, diesel, and other products.
Coal - Coal is a combustible rock that is used to generate electricity and heat.
The renewable energy transition is a global shift towards clean and renewable sources of power and the reduction of greenhouse gas emissions. Our daily market updates provide you with the latest insights into trends in renewable sources such as solar, wind, and hydropower so that you can ensure your business is on the right track. We’ll also keep you informed on any new regulations or incentives related to renewable energy so that you can make the most of your investments.
Solar - Solar energy is an abundant, renewable source of power that comes from the sun.
Wind - Wind energy is a clean, renewable source of power that has been used for centuries.
Hydroelectric - Hydroelectric energy is a clean, renewable source of power generated by flowing water.
All the energy information you need to stay up to date.
Our experts will assess your energy situation and uncover your opportunities.