US Natgas Prices Fall to 18-Month Low

2026-04-23 15:13 By Agna Gabriel 1 min. read

US natural gas futures fell to $2.5 per MMBtu, reaching their lowest since October 2024, pressured by ample storage levels and continued strong injections into inventories.

A federal report showed utilities added 103 billion cubic feet of gas to storage for the week ended April 17, above expectations and well ahead of both the 77 bcf added in the same week last year and the five-year average build of 64 bcf.

Mild spring weather has kept heating demand subdued, allowing above-normal injections and pushing total inventories to about 7.1% above typical levels.

Looking ahead, forecasts suggest mostly near-normal temperatures through early May, limiting demand upside.

On the supply side, output has declined by around 3.8 bcfd over the past 17 days to an 11-week low of 108.3 bcfd, while LNG feedgas flows have climbed to 18.9 bcfd so far in April, putting the month on track for a possible record.



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