Commodities Buzz: EIA expects elevated US supplies to cap Natural Gas prices

The US Energy Information Administration or EIA has stated in a monthly update that Henry Hub Natural Gas prices in 2Q26 and 3Q26 are expected to remain close to recent seasonal norms, averaging about $3.10/MMBtu, closely aligned with the same quarters last year. Natural gas inventories ended the 2025?2026 withdrawal season (November?March) 3% above the five-year average, at just over 1,900 billion cubic feet (Bcf). On the back of natural gas production growth and very limited capacity to increase exports, EIA expects natural gas storage injections to outpace the five-year average and end October at 4,015 Bcf, 6% more than the five-year average.

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