Natural Gas Storage: +80 Bcf

Injection comes in flat to the previous week amid steady fundamentals.

The U.S. Energy Information Administration reported a weekly injection of 80 Billion Cubic Feet (Bcf) in Lower 48 natural gas storage inventories for the week ending October 10, 2025 (Link).  Total inventories now stand at 3,721 Bcf, 26 Bcf (0.7%) above year-ago levels and 154 Bcf (4.3%) above the 2020-2024 average for the same week. 

Storage inventories increased by 80 Bcf for the second consecutive week. Like last week, the build came in marginally ahead of the same week in 2024 while also falling short of the five-year average. The more recent build came in much closer to average levels for the same week. However, it still narrowed the surplus to 154 Bcf, which is the narrowest since late August and 50 Bcf below the peak surplus registered in mid-September. The slim surplus to year-ago storage levels has increased by just 4 Bcf from 22 Bcf to 26 Bcf over the past 3 weeks, as storage injections virtually mirrored the year-ago benchmark over that stretch.