EIA Natural Gas Storage Build Of +96 Bcf Exceeds Analyst Estimates

On June 26, 2026, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +96 Bcf from the previous week, compared to analyst forecast of +88 Bcf. In the previous week, working gas in storage grew by +95 Bcf.

At current levels, stocks are -196 Bcf less than last year and +177 Bcf above the five-year average for this time of the year.

Natural gas prices found themselves under pressure after the release of the report. Storage build exceeded analyst estimates, which is bearish for natural gas markets.

High storage levels served as a negative catalyst for natural gas markets in recent weeks. In addition, the ceasefire in the Middle East put pressure on global LNG prices, which was bearish for natural gas.

Weather forecasts point to high demand for natural gas in the upcoming days. However, the higher-than-expected storage build may put significant pressure on natural gas prices.

It should be noted that traders switch from July 2025 contract to August 2025 contract. From the technical point of view, natural gas prices are moving towards the support at $3.35 – $3.40. A move below this level will push natural gas towards the next support level, which is located in the $3.05 – $3.10 range.

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