U.S. natural gas inventories seen up 81 billion cubic feet last week in Thursday's EIA report, Reuters poll shows

U.S. natural gas inventories rose by 81 billion cubic feet (Bcf) last week, according to a Reuters poll, indicating a build in storage levels ahead of the upcoming EIA report. The increase contrasts with the five-year average net withdrawals of 191 Bcf for this time of year and follows 120 Bcf net withdrawal. Current working natural gas stocks stand at 3,065 Bcf, which is 6% above the five-year average.

The uptick in inventories comes amid rising regional demand, particularly in the Southeast, where consumption increased by 26% due to colder-than-normal temperatures. The Henry Hub spot price climbed to $4.98 per million British thermal units (MMBtu) as of January 21, reflecting heightened demand and seasonal heating needs. International natural gas prices also rose, with the Title Transfer Facility (TTF) in the Netherlands averaging $12.40/MMBtu, driven by reduced European Union storage levels.

The EIA has announced that it will replace the Natural Gas Weekly Update with the Weekly Natural Gas Storage Report (WNGSR) on January 29, 2026, marking a shift in storage data. Investors and market participants are advised to monitor the new report for updated inventory figures and analysis.