# US natgas hits two-month low on ample output, mild weather - Markets - Business Recorder

> US natural gas futures fell to a two-month low on Monday as record output and mild weather limited heating demand. Lower-48 output averaged 107.4 bcfd in November, up from a record 104.2 bcfd in October.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/33344-us-natgas-hits-two-month-low-on-ample-output-mild-weather-markets-business
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Record supply and limited heating demand point to lower gas prices, which reduces energy input costs for feed processors.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-11-03 | [US natural gas futures fall on milder weather - Markets - Business Recorder](https://feedsoft.ai/events/50350-us-natural-gas-futures-fall-on-milder-weather-markets-business-recorder.md) | -12.5% | -8.0% |
| NATGAS | 2021-03-01 | [US natgas slips to fresh 4-week low as weather turns seasonally milder - Markets - Business Recorder](https://feedsoft.ai/events/48291-us-natgas-slips-to-fresh-4-week-low-as-weather-turns-seasonally-milder-markets.md) | -0.2% | -6.5% |
| NATGAS | 2023-11-06 | [US natgas prices drop 7% on record output, mild weather](https://feedsoft.ai/events/6385-us-natgas-prices-drop-7-on-record-output-mild-weather.md) | -11.7% | -16.2% |
| NATGAS | 2025-02-28 | [US natgas prices slide 3% to two-week low on record output, mild weather — TradingView News](https://feedsoft.ai/events/26214-us-natgas-prices-slide-3-to-two-week-low-on-record-output-mild-weather.md) | +10.8% | -0.2% |
| NATGAS | 2024-10-30 | [US natural gas futures slip - Markets - Business Recorder](https://feedsoft.ai/events/8120-us-natural-gas-futures-slip-markets-business-recorder.md) | +0.6% | +60.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40275442

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.