Natural Gas Market Talk | 11.13.2026

Natural gas futures rallied sharply this week as cooler weather forecasts triggered widespread short covering following an extended market downturn. Declining domestic production and record LNG export demand provided additional support, although the rally remained concentrated at the front of the forward curve. Despite a brief uptick in heating demand, warmer weather is expected to return, limiting the potential for sustained tightening and keeping the broader winter outlook relatively subdued.