--- title: Natural Gas Weekly – November 4, 2021 - Alternative Energy Source description: Natural gas weekly storage and market news for November 4, 2021, including an overview of natural gas fundamentals and market numbers. image: https://natural-gas-weekly.aes-energ.com/hubfs/Imported_Blog_Media/NGW3-Apr-11-2022-09-45-04-04-PM.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 4, 2021](https://natural-gas-weekly.aes-energ.com/hubfs/Imported_Blog_Media/NGW3-Apr-11-2022-09-45-04-04-PM.png) # Natural Gas Weekly – November 4, 2021 [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 Price Analysis Natural gas report week, November 4, 2021 saw prices retreat amid increased supply which sufficiently balanced demand. Despite chilly weather, the 0.5 Bcf/d increase in production helped push injection season out by another week, delivering an injection of 63 Bcf. In comparison, last year’s report posted a withdrawal of 27 Bcf. With average to above-average temperatures forecast for the next two weeks and production showing renewed strength, the short-term outlook appears bearish. Let’s take a closer look… #### ******Looking Good****** Throughout the second half of 2020, natural gas oversupply and the resulting low-price environment led to investor calls for curtailed production. At the time, the EIA projected production would pick back up once prices restored profitability. In the ensuing months, COVID restrictions contributed to demand depression which did little to help prices and perpetuated production ambivalence. Throughout summer, storage totals lagged behind the five-year average – until the last few weeks when moderate weather conditions and increasing production all but erased that deficit. Now, as we eek past the calendar close of injection season (by the date, October 31st) and with more moderate temperatures on the horizon, if production keeps pace, we may have additional weeks of injections on the horizon. (It seems likely.) It’s reasonable to expect this to subdue the wild price movement of recent weeks. Of course, as quick as winter forecasts can change, so too can prices, so expect any enduring winter cold – moderate or extreme – to prove bullish for prices. Weather aside, the future of natural gas as a clean energy or not clean energy and how it fits into sustainability plans will certainly shape demand. In the coming weeks we’ll take a look at current perspectives and what it could mean for prices. JAN22, settled at $5.826/Dth, down 4.5 cents FEB22, settled at $5.692/Dth, down 6.8 cents MAR22, settled at $5.349/Dth down 6.9 cents APR22, settled at $4.137/Dth down 1.2 cents MAY22, settled at $4.014/Dth down 2.3 cents JUN22, settled at $4.038/Dth down 3.0 cents   #### ****Natural Gas Market Report – November 4, 2021****   ##### December NYMEX ![December NYMEX graph for natural gas November 4 2021 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/11_4-Dec.png?width=902&height=602&name=11_4-Dec.png) ![December NYMEX graph for natural gas November 4 2021 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/11_4-Dec.png?width=902&height=602&name=11_4-Dec.png) December settled Thursday at $5.716/Dth up 4.6 cents from Wednesday’s close at $5.670/Dth, but down 6.6 cents week over week. ##### 12 Month Strip ![12 month strip for natural gas November 4 2021 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/11_4-12M.png?width=902&height=602&name=11_4-12M.png) ![12 month strip for natural gas November 4 2021 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/11_4-12M.png?width=902&height=602&name=11_4-12M.png) Settled Thursday at $4.605/Dth, down 3.8 cents from the prior week.   ##### Seasonal Strips ![seasonal strip for natural gas November 4 2021 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/11_4-Seas.png?width=902&height=602&name=11_4-Seas.png) ![seasonal strip for natural gas November 4 2021 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/11_4-Seas.png?width=902&height=602&name=11_4-Seas.png) The winter strip (DEC21-MAR22) settled Thursday at $5.646/Dth, down 6.2 cents from the week prior. The summer strip (APR22-OCT22) settled Thursday at $4.072/Dth, down 2.5 cents from the week prior. ##### Calendar Years 2022/2023/2024 ![calendar strips for natural gas November 4 2021 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/11_4-CAL.png?width=902&height=602&name=11_4-CAL.png) ![calendar strips for natural gas November 4 2021 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/11_4-CAL.png?width=902&height=602&name=11_4-CAL.png) CY22 settled Thursday at $4.490/Dth, down 3.5 cents from the prior week. CY23 settled Thursday at $3.498/Dth, down 10.9 cents from the prior week. CY24 settled Thursday at $3.174/Dth, down 13.3 cents from the prior week.   --- ### Prices Have You Uneasy? Give us a call. 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. [Learn More](https://aes-energ.com/services-natural-gas/)       [← Previous Post](https://natural-gas-weekly.aes-energ.com/natural-gas-weekly/natural-gas-weekly-october-28-2021) [Next Post →](https://natural-gas-weekly.aes-energ.com/natural-gas-weekly/natural-gas-weekly-november-11-2021) Copyright © 2026 Alternative Energy Source Powered by Alternative Energy Source - [About](https://aes-energ.com/alternative-energy-source-about-us/) - [Contact](https://aes-energ.com/contact/) - [Privacy Policy](https://aes-energ.com/privacy-policy/) - [About](https://aes-energ.com/alternative-energy-source-about-us/) - [Contact](https://aes-energ.com/contact/) - [Privacy Policy](https://aes-energ.com/privacy-policy/) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Laurie C", "url" : "https://natural-gas-weekly.aes-energ.com/author/laurie-c" }, "dateModified" : "2022-04-28T13:47:29.966Z", "datePublished" : "2021-11-05T04:00:00.000Z", "headline" : "Natural Gas Weekly – November 4, 2021 - Alternative Energy Source", "image" : [ "https://natural-gas-weekly.aes-energ.com/hubfs/Imported_Blog_Media/NGW3-Apr-11-2022-09-45-04-04-PM.png" ], "mainEntityOfPage" : { "@id" : "https://natural-gas-weekly.aes-energ.com/natural-gas-weekly/natural-gas-weekly-november-4-2021", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://natural-gas-weekly.aes-energ.com/hubfs/aes%20transparent.png" }, "name" : "Alternative Energy Source" } } ```