US Natgas Prices Extend Gains after EIA Data

2026-05-28 15:17 By Agna Gabriel 1 min. read

US natural gas futures climbed more than 4% to above $3.2 per MMBtu, nearing levels last seen in February, after government data showed a smaller-than-expected storage build last week.

The EIA reported that utilities added 92 billion cubic feet of gas to storage in the week ended May 22, below forecasts for a 95 to 96 bcf increase and lower than the 104 bcf injection recorded a year earlier.

Total inventories rose to 2.483 trillion cubic feet, around 0.9% above year-ago levels and 6.2% higher than the five-year seasonal average, with the surplus over the average narrowing to 144 bcf from 149 bcf the previous week.

US gas production in the Lower 48 states eased to 109.4 bcfd in May from 109.8 bcfd in April, while flows to major LNG export plants also declined due to seasonal maintenance work.

Weather forecasts point to mostly normal conditions through mid-June.



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US natural gas futures climbed more than 4% to above $3.2 per MMBtu, nearing levels last seen in February, after government data showed a smaller-than-expected storage build last week. The EIA reported that utilities added 92 billion cubic feet of gas to storage in the week ended May 22, below forecasts for a 95 to 96 bcf increase and lower than the 104 bcf injection recorded a year earlier. Total inventories rose to 2.483 trillion cubic feet, around 0.9% above year-ago levels and 6.2% higher than the five-year seasonal average, with the surplus over the average narrowing to 144 bcf from 149 bcf the previous week. US gas production in the Lower 48 states eased to 109.4 bcfd in May from 109.8 bcfd in April, while flows to major LNG export plants also declined due to seasonal maintenance work. Weather forecasts point to mostly normal conditions through mid-June.
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