Loading…
A strengthening El Niño is driving forecasts for a record-warm US winter and heating season, weakening expectations for natural gas demand. Traders have built their most bearish positions since the COVID-19 pandemic, while some Appalachian shale producers have projected production curtailments.
Warmer weather reduces heating demand and weighs on US gas prices, while production cuts could partly offset the demand loss. The article says limited US LNG export capacity also insulates domestic prices from overseas supply disruptions.
businessreport.comDaily Report StaffNov 5, 2026After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
