# Natural Gas Edges Higher As Recent Decline In US Output Supports Market Recovery

> Natural gas rose 2.8% in an Indian market quote, supported by lower US Lower 48 output of about 110.0 bcfd so far in November versus 113.4 bcfd in October. Storage was 1% above the five-year average, and the EIA projects higher US production and LNG exports in 2026 and 2027. Goldman Sachs cut its 2027 NYMEX gas forecast to $2.80 from $3.50.

- Date: 2026-11-05 · published 2026-11-05T06:07:12.625Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/81135-natural-gas-edges-higher-as-recent-decline-in-us-output-supports-market-recovery
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Goldman's lower long-term price outlook and expected supply growth signal a bearish medium-term gas market, which lowers nitrogen fertilizer and ethanol input costs over time. Near-term output declines offer only limited support.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-03-26 | [How coronavirus will alter natural gas markets](https://feedsoft.ai/events/54311-how-coronavirus-will-alter-natural-gas-markets.md) | -5.2% | +6.3% |
| NATGAS | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | -10.6% | -5.7% |
| NATGAS | 2020-04-02 | [Feature: Unfettered global natural gas market a sign of the times](https://feedsoft.ai/events/53828-feature-unfettered-global-natural-gas-market-a-sign-of-the-times.md) | +11.2% | +8.8% |
| NATGAS | 2020-05-11 | [Natural Gas Exports Slow as Pandemic Reduces Global Demand - The New York Times](https://feedsoft.ai/events/10443-natural-gas-exports-slow-as-pandemic-reduces-global-demand-the-new-york-times.md) | -7.2% | -2.7% |
| NATGAS | 2020-07-29 | [Expert Commentary - Update on Global Gas and LNG Prices in 2020: How has it Coped with Recent Market Dynamics? - Events-HH](https://feedsoft.ai/events/52290-expert-commentary-update-on-global-gas-and-lng-prices-in-2020-how-has-it-coped.md) | +17.4% | +38.5% |

## Sources

- in.investing.com: https://in.investing.com/news/commodities-news/natural-gas-edges-higher-as-recent-decline-in-us-output-supports-market-recovery-5681675

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