• Natural gas futures rallied last week, with November and Winter 2026-27 both gaining $0.19 per MMBtu amid temporary supply disruptions and continued tightening in storage comparisons.
• The EIA reported an 85-Bcf storage injection, narrowing the surplus to the five-year average for the eighth consecutive week to just 68 Bcf.
• Economic shut-ins in Appalachia and hurricane-related outages in the Gulf pushed domestic production lower late in the week.
• Exceptional heat across the West drove a sharp increase in CAISO electricity demand, while loads declined across the other major power markets.
