In today's natural gas market update for Tuesday, November 3, 2026, Elk Trading Company President Tim Beggans breaks down what's driving the spot December contract (NGZ26). December futures are up 1.1 cents to 2.867, but after three straight days of sideways action, the market is going nowhere fast. The RSI is oversold, but there's no bullish catalyst yet from weather or LNG. The Jan/Dec spread is near 47.8 cents, well above the normal 25 cents, and should snap in if colder w

Top News for Natural Gas: 1.) US NG Storage on track for 3.90 TCF 2.) World holds its breath on Iran 3.) Qatar moves to acquire global LNG supply portfolio 4.) ST LNG (offshore TX) wins port license In today's natural gas market update for Monday, November 2, 2026, Elk Trading Co President Tim Beggans breaks down the top news for natural gas and what's driving the spot December contract (NGZ26). December futures are getting a relief rally, up 2.9 cents to 2.927, as the RSI

Source: EIA This Week's Main Drivers: EIA Storage: +80 BCF vs. +75 BCF last year and +77 BCF five-year average. South Central led inventory additions. EU enters winter with storage approximately 75% full. Qatar extends Force Majeure through year-end 2026 for Edison (Italy) and Pakistan. US warns Iran strikes could resume after midterm elections. EQT acquires Range Resources in an all-stock deal valued at approximately $50 billion. Freeport LNG feedgas demand gyrates for a sec

Source: GROK Wild guesses, not investment advice. Some may prove remarkably accurate; others may be spectacularly wrong. Let's revisit them at the end of 2027! My 15 Prognostications for 2027 — Ranked by Likelihood: AI/Data Centers: Electricity demand growth accelerates faster than expected, driving additional power generation and gas demand. Permian Gas: Henry Hub averages near $2.50/MMBtu as associated gas production offsets demand growth due to elevated crude prices. LNG S

Tim Beggans recaps a continued fade in the new December spot contract, still well below the 13- and 48-period EMAs with the RSI oversold. Also: yesterday’s +80 Bcf print (above the ~73 Bcf expectation) versus last year +75 and the five-year +77, the next two weeks turning more bearish, the South Central deficit narrowing from ~150 Bcf toward ~100 Bcf, the winter strip testing new lows, warm 6–10 and 8–14 day outlooks into mid-November, EU storage slipping from 75%, UK net wit

Tim Beggans covers the first day of December as the spot contract with the market still under pressure from mild temperatures. Also: today’s storage setup near +73 Bcf versus last year +75 and the five-year +77, the next two weeks turning bearish, an oversold RSI and a possible corrective bounce if the print is light, a Dec–Jan spread still wide under Super El Niño conditions, light ERCOT wind, a quiet national grid, warm 6–10 and 8–14 day outlooks into mid-November, EU stora

Tim Beggans covers November expiration day with a relief rally still sitting below the 13- and 48-period EMAs and very little open interest left. Also: December becoming spot tomorrow with a +67 Bcf storage setup versus last year +75 and the five-year +77, the next two weeks turning bearish on warm weather, a Jan–Dec spread still wide under Super El Niño conditions, the winter strip flushing below its channel, warm 6–10 and 8–14 day outlooks into mid-November, EU storage peak

In today's Daily Natural Gas Report for Tuesday, October 27, 2026, Tim Biggins breaks down the latest market drivers on November contract option expiration day. We look at price action and technicals for the November futures contract, calendar spreads, domestic power grid demand, and US temperature forecasts. We also take a deep dive into European gas storage levels, Norwegian pipeline flows, UK energy dynamics, Asian LNG demand, and feedgas delivery updates across major US L

Top News for Natural Gas: 1.) Weather models still too warm 2.) NG falls to late April low 3.) Global LNG prices hitting 3-year high 4.) November futures expire Wednesday In today’s natural gas market update for Monday, October 26, 2026, Elk Trading Company President Tim Beggans breaks down the latest market-moving news across US spot contracts and global energy markets. We cover why US spot November futures (NGX26) are gapping lower toward late-April lows near $2.49 ahea

Source: EIA This Week's Main Drivers: • EIA storage: +77 BCF vs. +82 BCF expected, +86 BCF last year and the +87 BCF five-year average. South Central inventories are 125 BCF below last year. • Mild weather forecasts are pressuring November futures as the market approaches contract expiration. • Glenfarne seeks a five-year extension for Texas LNG's export deadline in Brownsville. • Qatar's LNG logistics remain in focus: a cargo transited the Suez Canal toward Europe, while Fra

Source: Google Maps In the classic cups-and-balls trick, the challenge is figuring out where the ball went. In today’s LNG market, Qatar is making the cargoes harder to track. The Strait of Hormuz remains the critical chokepoint. With the Iran conflict disrupting shipments, Qatar has been forced to improvise to keep LNG moving from Ras Laffan. According to Bloomberg’s October 14 reporting, QatarEnergy has deployed an unusual workaround: an older LNG carrier, sailing without A

In this natural gas market recap, Tim Beggans breaks down the price action for the spot November contract (NGX26) as prices test critical support levels heading into the weekend. We analyze technical indicators, weather outlooks, EIA storage figures, European & Asian gas dynamics, power burn metrics, and energy equities. Key Topics Covered: • Technical analysis: 13/48 EMAs, daily pivot, and support levels • EIA storage report recap and regional breakdown • 6–10 and 8–14 day U

Tim Beggans covers storage day with November still under pressure from mild temperatures and Freeport volatility, though a possible bullish candlestick is forming. Also: expectations near +82 Bcf versus last year +86 and the five-year +87, open interest above 222k with less than a week to expiration, heavy put open interest at the 2.75 strike, light ERCOT wind supporting gas share, quieter power markets, warm 6–10 and 8–14 day outlooks, a Nov–Dec spread testing the 50-day, UK

Tim Beggans covers a sharp break that took November below the 2.90 support and outside the recent range, with the 13- and 48-period EMAs crossing down. Also: warm 6–10 and 8–14 day forecasts, Freeport volatility, open interest above 173k with one week left until expiration, light ERCOT wind supporting gas share, power spikes in the Northeast, a Nov–Dec spread targeting the 50-day, UK net withdrawals with Rough still empty, EU storage at 74.6%, Hurricane Chambi toward Taiwan t

Tim Beggans covers a range-bound pullback that left November testing first support with the 13- and 48-period EMAs about to cross down. Also: LNG feedgas growth and rising nuclear outages versus higher production and a lack of cold in the Chicago–New York–Atlanta triangle, light ERCOT demand, power-market volatility from fall maintenance, an Apr–Oct spread well below the 50-day, EU storage at 74.6% with Germany at 61%, UK net withdrawals and Rough still empty, Champy passing

Top News for Natural Gas: 1.) US LNG Feedgas climbs above 20 BCF/D 2.) Iran steps up Strait of Hormuz attacks 3.) Golden Pass targeting 2027 startup for Trains 2 & 3 4.) US NG exports to Mexico now over 7.7 BCF/D In today's natural gas market update for Monday, October 19, 2026, Tim Beggans of ELK TRADING Co LLC breaks down key market drivers, weather trends, power grid dynamics, and global LNG developments impacting November natural gas futures (NGX26). Key Topics Cove

Source: EIA This Week's Main Drivers: EIA Storage: +67 BCF versus +80 BCF last year and the +90 BCF five-year average. Storage remains above the five-year benchmark, but the surplus is narrowing. Pacific Region: A rare 5 BCF withdrawal highlights regional supply and replenishment challenges. Columbia Gas Transmission: A second, separate force majeure involving MXP Line-100 near Saunders Creek, West Virginia, took effect October 14. Monitor PHMSA and pipeline notices for updat

Source: Saunders Regulator Station (TCO) - Google Maps Natural gas markets face a volatile mix of pipeline disruptions, fluctuating LNG feedgas demand, production changes and unpredictable weather. With winter approaching, even modest fundamental shifts could accelerate price movements. Storage: A Mixed Signal The EIA’s October 15 report showed a 67 BCF injection for the week ending October 9, bringing inventories to 3,567 BCF. Stocks remain 143 Bcf (3.9%) below last year but

In this natural gas market update for Friday, October 16, 2026, Elk Trading Company breaks down the latest price action in the spot November contract (NGX26), fundamental drivers, power grid dynamics, weather outlooks, and global LNG developments. We analyze the latest EIA storage report, the impact of cold fronts and renewable generation on ERCOT and power markets, European storage levels, LNG export feedgas flows across US terminals, and oil & gas stock performance. NG Stoc

Tim Beggans covers storage day with November firm after a fresh leak on the Mountain Express / MXP 100 line near Saunders Creek, West Virginia. Also: expectations near +74 Bcf versus last year +80 and the five-year +90, Houston’s last 90° day before a sharp front, ERCOT renewable coverage jumping tomorrow, power-market spikes from fall outages, a Mar–Apr widowmaker retest, EU storage at 74%, UK injections with Rough still empty, JKM January forming three peaks, continued Horm