---
symbol: "NATGAS"
name: "Natural Gas"
date: 2026-10-22
change_pct: -3.517069916924386
direction: "down"
event_type: "macro_print"
url: "https://perplo.app/why/NATGAS/2026-10-22"
updated_at: 2026-10-22T01:06:44.433Z
---

# Why Natural Gas (NATGAS) fell 3.52% on October 22, 2026

Natural Gas (NATGAS) fell 3.52% on October 22, 2026 — Rising inventories and output weigh on gas.

## What happened

US natural gas inventories are expected to rise by 81 billion cubic feet while production hit 113.4 Bcf/d, up 5.7% year over year, and LNG export flows also increased.

## Why it moved

Growing storage and record-level output mean supply is outpacing demand, so the market is pricing looser balances at Henry Hub. That overhang pushed prices down 3.5% on the day.

## Why it matters

Within the Natural Gas Cycle theme, the current stage is a supply-driven overhang, with output growth outrunning demand. LNG export growth is the main offset that could eventually tighten the balance.

## What would break the thesis

A colder forecast or a smaller-than-expected storage build would tighten balances and could quickly reverse the decline. Weather models and the next weekly storage report are the key near-term checks.

## Sources

- [US GAS INVENTORIES ARE EXPECTED TO RISE BY 81 BILLION CUBIC FEET, WHILE PRODUCTION REACHED 113.4 BCF/D, UP 5.7% YEAR OVER YEAR; LNG EXPORT FLOWS ALSO INCREASED, THOUGH POTENTIAL COLD SPELLS COULD TRIGGER PRICE VOLATILITY.](https://t.me/marketfeed/1062185) — MarketFeed
- [US NATURAL GAS FUTURES FELL 5.8% TO $2.790/MMBTU FOR A FOURTH STRAIGHT SESSION AS ALGORITHMIC TRADERS RAMPED UP BEARISH POSITIONS AND WARMER FORECASTS THROUGH EARLY NOVEMBER WEIGHED ON HEATING-DEMAND EXPECTATIONS.](https://t.me/marketfeed/1062184) — MarketFeed
- [UK Greenlights Major North Sea Gas Field After Years of Legal Battles](https://oilprice.com/Energy/Energy-General/UK-Greenlights-Major-North-Sea-Gas-Field-After-Years-of-Legal-Battles.html) — OilPrice

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