--- title: Natural Gas Weekly – November 10, 2022 - Alternative Energy Source description: Natural gas weekly storage and market news for November 10, 2022, including an overview of natural gas fundamentals and market numbers. image: https://natural-gas-weekly.aes-energ.com/hubfs/Copy%20of%20EnergyNews%20_Newsletter_Header%20(1).png --- [![Alternative Energy Source](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/raw_assets/public/AlternativeEnergySource_February2022/images/Header%20logo.png?width=250&height=39&name=Header%20logo.png "Alternative Energy Source")](https://aes-energ.com/) [![Alternative Energy Source](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/raw_assets/public/AlternativeEnergySource_February2022/images/Mobile%20Header%20logo.png?width=260&height=41&name=Mobile%20Header%20logo.png "Alternative Energy Source")](https://aes-energ.com/) - [Home](https://aes-energ.com/) - [Services](https://aes-energ.com/energy-services/) - [Electric Contracts](https://aes-energ.com/services-electric-contracts/) - [Demand Response](https://aes-energ.com/services-demand-response/) - [Natural Gas](https://aes-energ.com/services-natural-gas/) - [Energy Efficiency](https://aes-energ.com/services-energy-efficiency/) - [Commercial Solar Power](https://aes-energ.com/services-commercial-solar-power/) - [Utility Invoice Management](https://aes-energ.com/services-utility-invoice-management/) - [Resources](https://aes-energ.com/energy-resources/) - [Energy News](https://energy-news.aes-energ.com/) - [Natural Gas Weekly](https://natural-gas-weekly.aes-energ.com/) - [About](https://aes-energ.com/alternative-energy-source-about-us/) - [Contact](https://aes-energ.com/contact/) Search for: ![Natural Gas Weekly – November 10, 2022](https://natural-gas-weekly.aes-energ.com/hubfs/Copy%20of%20EnergyNews%20_Newsletter_Header%20(1).png) # Natural Gas Weekly – November 10, 2022 [Natural Gas](https://natural-gas-weekly.aes-energ.com/tag/natural-gas) / By [Laurie C](https://natural-gas-weekly.aes-energ.com/author/laurie-c) ## Natural Gas – Week In Review *Natural gas report week November 10, 2022.* This week’s injection of 79 Bcf was in line with analysts’ expectations which ranged from 66 Bcf to 101 Bcf. Comparatively, last year’s injection was 15 Bcf and the five-year average of net injections is 20 Bcf. Current storage totals 3,580 Bcf which is 2.1% below the five-year average but still within the five-year historical range. --- ### Natural Gas Weekly Fundamentals - Demand - Overall demand rose by 2.0%, growing by 1.4 Bcf/d week over week. The largest increase in consumption came from power generation (typically cooling) related demand, up 1.2 Bcf/d. The LNG export ship count remains unchanged from last week, totaling 21 for an overall capacity of 78 Bcf. - Production - Production fell by 0.6 Bcf/d, amplified by another (1.1 Bcf/d) weekly decline in imports from Canada. The natural gas rig count dropped by one from the week before, totaling 155 rigs. Oil-directed rigs grew by 3, for a total of 613. - ****Storage Forecast -**** Mild temperatures during the final weeks of refill season reversed the disappointing injection season trend that characterized much of the summer. At the beginning of injection season, storage was 285 Bcf below the five-year average. For most of the next four months, weekly injections fell short of the five-year average. As such, the deficit to the five-year average was 367 Bcf by mid-August. Nonetheless, recent weeks of moderating temperatures and triple-digit injections have contributed to a current storage total which sits just 37 Bcf shy of the five-year average.   ---   ### Natural Gas Weekly Market Report - November 10, 2022 ##### December NYMEX ![December NYMEX graph for natural gas November 10 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/11.10%20Dec.png?width=733&height=482&name=11.10%20Dec.png) ![May NYMEX graph for natural gas April 7 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/4_7-May.png?width=902&height=541&name=4_7-May.png) December NYMEX: December settled Thursday at $6.239/Dth up 37.4 cents from Wednesday’s close at $5.865/Dth, and up 26.4 cents from the prior week. ##### 12 Month Strip ![12 month strip for natural gas November 10 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/11.10%2012M.png?width=732&height=458&name=11.10%2012M.png) ![12 month strip graph for natural gas April 7 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/4_7-12M.png?width=902&height=542&name=4_7-12M.png) Settled Thursday at $5.398/Dth, up 14.8 cents from the prior week.   ##### Seasonal Strips ![seasonal strip for natural gas November 10 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/11.10%20Seasonal.png?width=730&height=456&name=11.10%20Seasonal.png) ![seasonal strip graph for natural gas April 7 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/4_7-Seasonal.png?width=902&height=542&name=4_7-Seasonal.png) The winter strip (DEC22-MAR23) settled Thursday at $6.207/Dth, up 21.2 cents from last week while the summer strip (APR23-OCT23) settled at $4.950/Dth, up 12.3 cents week-over-week.     Calendar Years 2023/2024/2025 ![Calendar strip graphs for November 10 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/11.10%20CY.png?width=774&height=484&name=11.10%20CY.png) CY23 settled Thursday at $5.347/Dth, up 13.0 cents from the prior week. CY24 settled Thursday at $4.682/Dth, up 6.1 cents from the prior week. CY25 settled Thursday at $4.556/Dth, up 5.4 cents from the prior week.     ##### Crude Oil ![crude oil prompt month for natural gas November 10 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/11.10%20Crude.png?width=732&height=433&name=11.10%20Crude.png) Settled Thursday at $86.47/barrel, down $1.70 cents from the prior week. ---   Need Help Making Sense of Natural Gas Prices? We can help you manage risk and navigate the current price volatility. We’ll evaluate your current contract and explore your [natural gas buying options](https://aes-energ.com/services-natural-gas/). Call us at 866-646-7322 for a no-cost, no-obligation analysis today. 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