US Natural Gas Prices Hover Near 1-Week Low

2026-05-26 01:25 By Judith Sib-at 1 min. read

US natural gas futures rose to $2.93 per MMBtu but remained near a one-week low as a milder weather outlook and rising inventories continued to weigh on prices.

Temperatures are forecast to stay largely near seasonal norms through early June, reducing expectations for stronger power-sector demand.

The latest EIA report showed energy firms injected 101 bcf of gas into storage in the week ending May 15, larger than market expectations for a 95-bcf build and the five-year average increase of 92 bcf for the same period, reinforcing concerns about ample supply.

Weaker feedgas demand from export facilities added further pressure, with flows to major US terminals declining from a record 18.8 bcfd in April to around 17.0 bcfd in May due to seasonal maintenance at plants including Golden Pass LNG and Freeport LNG.

Still, some positive sentiment emerged after reports indicated that three US LNG cargoes are expected to arrive in China in June, the first such deliveries since February 2025.



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US Natural Gas Prices Hover Near 1-Week Low
US natural gas futures rose to $2.93 per MMBtu but remained near a one-week low as a milder weather outlook and rising inventories continued to weigh on prices. Temperatures are forecast to stay largely near seasonal norms through early June, reducing expectations for stronger power-sector demand. The latest EIA report showed energy firms injected 101 bcf of gas into storage in the week ending May 15, larger than market expectations for a 95-bcf build and the five-year average increase of 92 bcf for the same period, reinforcing concerns about ample supply. Weaker feedgas demand from export facilities added further pressure, with flows to major US terminals declining from a record 18.8 bcfd in April to around 17.0 bcfd in May due to seasonal maintenance at plants including Golden Pass LNG and Freeport LNG. Still, some positive sentiment emerged after reports indicated that three US LNG cargoes are expected to arrive in China in June, the first such deliveries since February 2025.
2026-05-26
US Natural Gas Prices Decline
US natural gas futures fell to $2.88 per MMBtu, the lowest level in a week, pressured by elevated storage levels and mild weather forecasts. The EIA report showed energy firms injected 101 bcf of gas into storage for the week ended May 15, above market expectations for a 95-bcf build and the five-year average increase of 92 bcf for the period. Forecasts pointing to mostly near-normal weather through early June, curbing demand from the power sector. Additional pressure came from softer LNG export activity. Flows to major US LNG export facilities declined from a monthly record of 18.8 bcfd in April to around 17.0 bcfd so far in May, due to seasonal maintenance at facilities including Golden Pass LNG and Freeport LNG. Meanwhile, some supportive signals emerged from reports that three US LNG cargoes are scheduled to arrive in China in June, marking the first such shipments since February 2025.
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Natural Gas Rebounds Toward 2-Month High
US natural gas futures rose to $3.05 per MMBtu on Thursday, not far from the highest level in two months as escalating geopolitical tension in the Middle East prolonged the view of no exports from the region. Reports indicated that Iran's Supreme Leader ordered the IRGC to keep uranium reserves in territory, defying requests from the US for an agreement to prolong the blockade from both countries on flows of liquified natural gas from the region. The escalation also threatened fresh attacks in energy facilities in GCC countries, with with Ras Laffan infrastructure in Qatar still damaged by Iranian strikes in March. The development continued to underpin demand for US LNG in Europe and Asia, aligned with the surge in prices for in their receiving hubs. Still, new data showed that domestic gas inventories rose by 101 billion cubic feet last week, more than expected.
2026-05-21