Nov. 17 at 10:15 PM
NGI: A surge in export demand (record US cargoes), coupled w/ growing domestic power needs, is expected to drive US benchmark Henry Hub nat gas prices higher
NGI is est'g the latest Lower 48 EIA storage print for the week ended Nov 14 shows a withdrawal of -17Bcf. This first weekly draw of the 2025/26 winter season would be -29Bcf below the previous 5-yr avg of a +12Bcf injection. It would also be -20Bcf lower than the +3Bcf injection from this period 1-yr ago.
EIA: Working gas in storage was 3,960Bcf as of Nov 7, 2025. This represents a net increase of +45Bcf from the prev week. Stocks were -6Bcf less than last year at this time & +172Bcf above the 5-yr avg of 3,788Bcf. At 3,960 Bcf, total working gas is within the 5-yr historical range.
$UNG $LNG $EQT $CTRA $HP