EIA Natural Gas Storage Build Of +56 Bcf Exceeds Estimates

On August 14, 2025, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +56 Bcf from the previous week, compared to analyst forecast of +53 Bcf. In the previous week, working gas in storage increased by +7 Bcf.

At current levels, stocks are -79 Bcf less than last year and +196 Bcf above the five-year average for this time of the year. High storage levels serve as a bearish catalyst for natural gas markets.

Natural gas  pulled back as traders reacted to the EIA report. Storage build exceeded analyst expectations, which may put additional pressure on natural gas prices.

Weather forecasts indicate that demand will remain high until the end of the week. However, high demand did not provide material support to natural gas prices in recent trading sessions as traders focused on high production levels.

From the technical point of view, natural gas is trying to stabilize above the nearest support level, which is located in the $2.70 – $2.75 range. In case natural gas declines below the $2.70 level, it will move towards the next support at $2.50 – $2.55. RSI is close to the oversold territory, but there is enough room to gain additional momentum in case the right catalysts emerge.

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