US Natgas Prices Fall after EIA Report

2026-02-26 15:38 By Agna Gabriel 1 min. read

US natural gas futures fell to around $2.83 per MMBtu, nearing their lowest level since September, after the Energy Information Administration reported a smaller-than-usual storage draw.

Utilities withdrew 52 billion cubic feet (bcf) last week, sharply below the 252 bcf pull a year earlier and the five-year average decline of 168 bcf.

The draw was also much smaller than recent weekly withdrawals.

Total inventories dropped to 2.018 trillion cubic feet, leaving stockpiles 7.5% above year-ago levels and just 0.3% below the five-year average, a notable shift from mid-February when storage was about 6% below normal.

Strong production continues to weigh on prices, with Lower 48 output averaging 108.7 bcfd so far in February.

Also, warmer weather forecasts across much of the western US are further curbing heating demand.

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



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