Commodities Buzz: Natural Gas near eight-month high, EIA says average prices to rise 16% in 2026

The US natural gas futures are consolidating around eight-month high. The US Energy Information Administration or EIA has stated in a monthly update for November that it the Henry Hub natural gas spot price in its forecast rises to an average of almost $3.90 per million British thermal units (MMBtu) this winter (November?March) following seasonal patterns of prices rising during the winter alongside increased space heating demand. It expects prices to average $4.00/MMBtu in 2026, 16% higher than in 2025, primarily due to increased liquefied natural gas (LNG) exports amid flat production growth. The commodity is currently trading at $4.46 per mmbtu, down 1.57% on the day.

Powered by Commodity Insights