US Natgas Prices Advance

2026-05-11 03:59 By Judith Sib-at 1 min. read

US natural gas futures rose to $2.81 per MMBtu amid a continued drop in output.

Production in the Lower 48 states has been trending lower, as major producers such as EQT Corporation have reduced drilling activity in response to weak spot prices.

In addition, the EIA reported a 63 bcf injection for the week ended May 1, below forecasts of 74 bcf and also lower than both last year’s 104 bcf increase and the five-year average of 77 bcf.

While earlier mild spring weather supported stronger-than-usual storage injections, the recent decline in production, combined with near-normal weather and firming demand, has likely narrowed the inventory surplus to around 6% above seasonal norms for the week ended May 7, down from 7% the previous week.

Forecasts point to mostly near-normal temperatures through May 23, with cooling demand gradually overtaking the late-season heating demand.

Meanwhile, flows to major gas export terminals have eased from April’s record highs due to seasonal maintenance.



News Stream
US Natgas Prices Advance
US natural gas futures rose to $2.81 per MMBtu amid a continued drop in output. Production in the Lower 48 states has been trending lower, as major producers such as EQT Corporation have reduced drilling activity in response to weak spot prices. In addition, the EIA reported a 63 bcf injection for the week ended May 1, below forecasts of 74 bcf and also lower than both last year’s 104 bcf increase and the five-year average of 77 bcf. While earlier mild spring weather supported stronger-than-usual storage injections, the recent decline in production, combined with near-normal weather and firming demand, has likely narrowed the inventory surplus to around 6% above seasonal norms for the week ended May 7, down from 7% the previous week. Forecasts point to mostly near-normal temperatures through May 23, with cooling demand gradually overtaking the late-season heating demand. Meanwhile, flows to major gas export terminals have eased from April’s record highs due to seasonal maintenance.
2026-05-11
US Natgas Prices Rise after EIA Data
US natural gas futures climbed toward $2.80 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