NYMEX November futures settled at $3.2360/MMBtu on October 15, while the BSEE reports cumulative crude oil losses from the storm reached 6.966 million barrels. The Marine Minerals Administration estimates that 9.92% of daily oil production, or 202,371 barrels, and 11.07% of natural gas production remain shut in. Analysts at HFI Research forecast that further production disruptions will be reflected in next week's EIA oil storage report.
Tuesday, October 20, 2026
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US Natural Gas Futures Drop 5% After Force Majeure Lifted
Commodities5 days ago
Contracts for delivery of US energy fuel saw an immediate decline during Thursday trading as regional outages subsided in the Gulf of America. Natural gas futures fell 5% on October 16 following the lifting of force majeure declarations, a move that signaled the return of normal supply obligations after disruptions from Hurricane Isaias.
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