Midmorning Markets: Natural Gas Futures Shrug Off Lean EIA Storage Print

Natural Gas Intelligence · last updated March 12, 2026 – 7:46 AM

Operators withdrew 38 Bcf of natural gas from storage for the week ended March 6, the U.S. Energy Information Administration (EIA) reported on Thursday. The result proved lighter than market expectations and historical norms but had little immediate impact on Nymex natural gas futures.

Chart titled “NGI’s Weekly Henry Hub Price vs L48 Storage” showing U.S. natural gas storage levels and Henry Hub prices through early March 2026. For the week ending March 6, 2026, Lower 48 storage is 1,848 Bcf, 17 Bcf below the five-year average of 1,865 Bcf but 141 Bcf above last year’s 1,707 Bcf. The NGI Weekly Henry Hub price is $2.99/MMBtu. The chart compares Henry Hub price movements with the storage deficit to the five-year average and the year-over-year storage difference from March 2025 to February 2026.

At A Glance:

EIA posts 38 Bcf withdrawal
East, Midwest report pulls
Storage deficit narrows to 0.9%

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