Natural Gas Storage: +28 Bcf
Build comes in lighter than expected.
The U.S. Energy Information Administration reported a weekly injection of 28 billion cubic feet (Bcf) into Lower 48 natural gas storage inventories for the week ending July 24, 2026 (Link). Total inventories now stand at 3,084 Bcf, 32 Bcf (1.0%) below year-ago levels and 185 Bcf (6.4%) above the 2021-2025 average for the same week.
Today’s EIA report showed a 28-Bcf build in underground natural gas inventories. The injection was light relative to the year-ago benchmark and nearly in line with the five-year average. It was also the smallest reported build of the injection season to date. Weekly injections have exceeded the five-year average in seven of the past nine reports. The surplus to the five-year average expanded by 2 Bcf, while the deficit to 2025 stocks doubled from 16 Bcf to 32 Bcf.
