US Natgas Prices Near 6-Month Low Ahead EIA Report

2026-02-26 08:14 By Agna Gabriel 1 min. read

US natural gas futures fell more than 2% to around $2.80 per MMBtu, approaching their lowest level since August, after a 1.3% rebound in the prior session, as traders awaited the weekly storage report from the US Energy Information Administration.

Expectations for a smaller withdrawal of about 36 billion cubic feet last week, well below the heavy draws seen in prior weeks, added downward pressure.

Production remains strong, with Lower 48 output averaging 108.7 bcfd in February, up from January.

Although storage was about 6% below normal in mid-February, the deficit is expected to narrow to near 1% due to mild weather.

Warmer weather forecasts across much of the western United States through month-end are also dampening heating demand and easing power sector consumption.

With winter nearing its end, the likelihood of a late-season cold snap tightening supplies has diminished.

Still, LNG exports remain robust at 18.7 bcfd and are on pace for a monthly record.



News Stream
US Natgas Prices Near 6-Month Low Ahead EIA Report
US natural gas futures fell more than 2% to around $2.80 per MMBtu, approaching their lowest level since August, after a 1.3% rebound in the prior session, as traders awaited the weekly storage report from the US Energy Information Administration. Expectations for a smaller withdrawal of about 36 billion cubic feet last week, well below the heavy draws seen in prior weeks, added downward pressure. Production remains strong, with Lower 48 output averaging 108.7 bcfd in February, up from January. Although storage was about 6% below normal in mid-February, the deficit is expected to narrow to near 1% due to mild weather. Warmer weather forecasts across much of the western United States through month-end are also dampening heating demand and easing power sector consumption. With winter nearing its end, the likelihood of a late-season cold snap tightening supplies has diminished. Still, LNG exports remain robust at 18.7 bcfd and are on pace for a monthly record.
2026-02-26
US Natgas Prices Recover from 5-Month Low
US natural gas futures rose toward $2.9 per MMBtu, rebounding from the five month low of $2.83 in the previous session, supported by stronger LNG exports. Gas flows to export plants climbed to 18.7 billion cubic feet per day so far in February and are on track for a monthly record. However, upside remains limited as weather forecasts turned milder, with above average temperatures expected across much of the western United States through month end, curbing heating needs and power sector consumption. As winter nears its end, traders see a reduced risk of a late season cold spell tightening supplies. Production also stays high, with Lower 48 output averaging 108.7 bcfd in February versus 106.3 bcfd in January. Storage was about 6% below normal in mid February, but the deficit is seen narrowing to near 1%.
2026-02-25
US Natgas Prices Fall to 4-Month Low
US natural gas futures fell below $3 per MMBtu, their lowest level since October, as warmer weather expectations dampened demand prospects. Updated forecasts point to above average temperatures across much of the western United States through the end of the month, reducing the need for heating and easing consumption from power plants. With winter nearing its close, traders see a lower chance of a late season cold spell that could tighten supplies. At the same time, production remains elevated, with Lower 48 output averaging 108.7 billion cubic feet per day in February, up from 106.3 bcfd in January. Storage was about 6% below normal in mid February, but analysts expect the deficit to narrow to around 1% after mild weather limited withdrawals. Still, LNG export flows have strengthened to 18.7 bcfd and are on track for a monthly record.
2026-02-24