US Natgas Prices Rise after EIA Data

2026-05-07 14:49 By Agna Gabriel 1 min. read

US natural gas futures climbed more than 2% to $2.79 per MMBtu after the Energy Information Administration reported a smaller than expected storage build.

Utilities injected 63 billion cubic feet of gas into storage in the week ended May 1, below forecasts of 74 bcf and lower than both last year’s 104 bcf increase and the five year average of 77 bcf.

Production in the Lower 48 states is also trending lower, with output expected to fall to a one week low as weak spot prices have prompted producers including EQT Corporation to scale back supply while waiting for stronger prices.

Weather forecasts suggest mostly seasonal conditions through May 22, with cooling demand beginning to exceed heating demand.

Meanwhile, gas flows to major US LNG export plants eased from April’s record levels due to routine spring maintenance.



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US Natgas Prices Rise after EIA Data
US natural gas futures climbed more than 2% to $2.79 per MMBtu after the Energy Information Administration reported a smaller than expected storage build. Utilities injected 63 billion cubic feet of gas into storage in the week ended May 1, below forecasts of 74 bcf and lower than both last year’s 104 bcf increase and the five year average of 77 bcf. Production in the Lower 48 states is also trending lower, with output expected to fall to a one week low as weak spot prices have prompted producers including EQT Corporation to scale back supply while waiting for stronger prices. Weather forecasts suggest mostly seasonal conditions through May 22, with cooling demand beginning to exceed heating demand. Meanwhile, gas flows to major US LNG export plants eased from April’s record levels due to routine spring maintenance.
2026-05-07
US Natgas Prices Fall on Lower LNG Flows
US natural gas futures fell to $2.72 per MMBtu as supply increased in the domestic market, while exports declined. Pipeline flows to LNG export terminals dropped to the lowest level since late January due to routine spring maintenance, which temporarily reduces export capacity and leaves more gas in the US. Looking ahead, a gradual increase in cooling demand is expected as summer approaches. On the supply side, low prices have encouraged producers to reduce output. Companies such as EQT Corporation have scaled back drilling or temporarily curtailed production to avoid selling at weak prices. Still, storage remains about 7% above the seasonal average.
2026-05-05
US Natgas Prices Hover Near 4-Week Highs
US natural gas futures fell to $2.82 per MMBtu, though they remained near a four-week high, supported by declining output. Production has trended lower in recent months, as major producers such as EQT have scaled back activity in response to weak spot prices. While earlier mild spring weather enabled stronger-than-usual storage injections, the recent drop in production, along with cooler conditions and increased demand, likely narrowed the inventory surplus to around 7% above seasonal norms in the week ended May 1, down from 8% in the previous week. Meanwhile, temperatures are expected to remain broadly near normal through May 19, limiting sharp swings in demand. LNG export flows have also softened, averaging 17.4 bcfd so far in May, compared with April’s record of 18.8 bcfd.
2026-05-05