# US natgas highest since November as hurricane shuts output, cold forecasts - Markets - Business Recorder

> US natural gas futures jumped to their highest close since November after Gulf Coast producers shut wells and output fell to a two-year low. The move also reflected forecasts for colder weather and higher demand in mid-October, despite lower LNG feed flows as Cameron LNG shut ahead of Hurricane Delta.

- Date: 2020-10-06 · published 2020-10-06T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8350-us-natgas-highest-since-november-as-hurricane-shuts-output-cold-forecasts
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Combined production losses from the hurricane and colder demand forecasts tighten the near-term balance and support higher prices. Higher gas costs raise the cost of energy and nitrogen inputs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-08-26 | [US natgas rises to 9-month high as output collapses ahead of Hurricane Laura - Markets - Business Recorder](https://feedsoft.ai/events/51821-us-natgas-rises-to-9-month-high-as-output-collapses-ahead-of-hurricane-laura.md) | -5.8% | -23.5% |
| NATGAS | 2023-08-31 | [US natgas prices rise 2% to 3-week high on hot forecasts, output decline - Markets - Business Recorder](https://feedsoft.ai/events/34749-us-natgas-prices-rise-2-to-3-week-high-on-hot-forecasts-output-decline-markets.md) | -4.5% | +7.9% |
| NATGAS | 2022-12-08 | [US natgas futures surge on forecasts for colder weather - Markets - Business Recorder](https://feedsoft.ai/events/11507-us-natgas-futures-surge-on-forecasts-for-colder-weather-markets-business.md) | +27.9% | -29.6% |
| NATGAS | 2025-01-11 | [US natural gas prices soar to two-year high on colder forecasts - Markets - Business Recorder](https://feedsoft.ai/events/26699-us-natural-gas-prices-soar-to-two-year-high-on-colder-forecasts-markets.md) | +53.7% | -14.7% |
| NATGAS | 2024-01-10 | [US natgas prices higher - Markets - Business Recorder](https://feedsoft.ai/events/4186-us-natgas-prices-higher-markets-business-recorder.md) | -11.0% | -39.3% |

## Sources

- ca.investing.com: https://ca.investing.com/news/commodities-news/us-natgas-on-track-to-hit-highest-price-since-november-as-hurricane-shuts-output-2271988
- brecorder.com: https://www.brecorder.com/news/40024961

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