# Natural Gas Bull Case Starts to Unravel on Demand-Killing Warmth - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> US natural gas futures tumbled on Nov. 19 after forecasts shifted warmer through early December, reversing a short-lived gain. Government data showed an unusually large storage injection for the time of year. The March-April spread narrowed to a record low, reflecting skepticism about tight winter supply.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/50351-natural-gas-bull-case-starts-to-unravel-on-demand-killing-warmth-energy-news
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warmer forecasts and a large storage build reduce expected winter heating demand and weaken the bullish case for gas. Lower gas prices can reduce input costs for fertilizer and ethanol but also weaken the case for higher gas-linked energy prices.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-04 | [Natural Gas Prices Are Plunging On a Warmer Start to Winter - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/9188-natural-gas-prices-are-plunging-on-a-warmer-start-to-winter-energy-news-top.md) | -8.8% | -32.9% |
| NATGAS | 2019-12-23 | [U.S. natgas futures down nearly 5% on warmer weather forecasts - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/7844-u-s-natgas-futures-down-nearly-5-on-warmer-weather-forecasts-energy-news-top.md) | -7.7% | -17.5% |
| NATGAS | 2026-01-01 | [US Natgas Futures Fall Over 5% on Above Normal Weather Outlook, Eye Annual Gain - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/7835-us-natgas-futures-fall-over-5-on-above-normal-weather-outlook-eye-annual-gain.md) | -17.9% | +45.6% |
| NATGAS | 2020-09-18 | [U.S. natgas futures ease to 7-week low as output rises after Hurricane Sally - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/6764-u-s-natgas-futures-ease-to-7-week-low-as-output-rises-after-hurricane-sally.md) | +13.5% | +35.5% |
| NATGAS | 2026-07-11 | [US Natgas Falls 4% to 8-Week Low on Milder Weather Outlook, Lower LNG Export Flows - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/8660-us-natgas-falls-4-to-8-week-low-on-milder-weather-outlook-lower-lng-export.md) | -0.1% | -7.9% |

## Sources

- energynow.com: https://energynow.com/2020/11/natural-gas-bull-case-starts-to-unravel-on-demand-killing-warmth/

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