# EIA Lifts Natural Gas Storage Outlook on Mild November Demand

> The EIA's November Short-Term Energy Outlook raises its end-of-November US natural gas storage forecast by nearly 70 Bcf versus October. It cuts its Henry Hub forecast for November through March to $2.87 per MMBtu, 16% below its prior estimate. The agency also raised its diesel and gasoline price forecasts for 2027.

- Date: 2026-11-11 · published 2026-11-12T09:10:26.446Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/95278-eia-lifts-natural-gas-storage-outlook-on-mild-november-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher projected storage and a lower winter price forecast point to softer US natural gas prices, which lowers costs for fertilizer and feed processing. The higher diesel outlook raises freight and processing costs.

## Read by commodity

- DIESEL: bullish ▲
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-10-17 | [Early EIA Storage Support Fails to Hold and November Futures Sink with Demand](https://feedsoft.ai/events/10305-early-eia-storage-support-fails-to-hold-and-november-futures-sink-with-demand.md) | -7.8% | +8.4% |
| NATGAS | 2024-11-03 | [Natural Gas News: Will Storage Levels and Mild Forecasts Keep Bulls at Bay? \| FXEmpire](https://feedsoft.ai/events/11714-natural-gas-news-will-storage-levels-and-mild-forecasts-keep-bulls-at-bay.md) | -7.6% | +61.0% |
| NATGAS | 2022-09-15 | [U.S. natgas drops 9% on rail deal, bigger than expected storage build](https://feedsoft.ai/events/39768-u-s-natgas-drops-9-on-rail-deal-bigger-than-expected-storage-build.md) | -11.5% | -26.8% |
| NATGAS | 2026-10-29 | [Natural Gas News: EIA Storage Report Could Test Bearish Trend and Spark Volatility \| FXEmpire](https://feedsoft.ai/events/1450-natural-gas-news-eia-storage-report-could-test-bearish-trend-and-spark.md) | -1.8% | — |
| NATGAS | 2023-01-05 | [Bullish US natural gas storage report from EIA falls flat as NYMEX futures sell off](https://feedsoft.ai/events/9183-bullish-us-natural-gas-storage-report-from-eia-falls-flat-as-nymex-futures-sell.md) | -10.5% | -35.3% |
| DIESEL | 2017-10-12 | [EIA: October Short-Term Energy Outlook - Mansfield Energy](https://feedsoft.ai/events/68646-eia-october-short-term-energy-outlook-mansfield-energy.md) | +1.1% | +7.4% |
| DIESEL | 2017-12-13 | [EIA Short-Term Energy Outlook: Petroleum Products - Mansfield Energy](https://feedsoft.ai/events/67669-eia-short-term-energy-outlook-petroleum-products-mansfield-energy.md) | +0.3% | +7.4% |
| DIESEL | 2018-09-25 | [National diesel average sees slight gain, reports EIA - Logistics Management](https://feedsoft.ai/events/63229-national-diesel-average-sees-slight-gain-reports-eia-logistics-management.md) | +5.4% | +1.5% |

## Sources

- indexbox.io: https://www.indexbox.io/blog/eia-raises-us-natural-gas-storage-forecast-as-mild-november-start-curbs-demand/

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