Natural Gas Storage: +95 Bcf
Inventories slip below year-ago levels.
The U.S. Energy Information Administration reported a weekly injection of 95 billion cubic feet (Bcf) into Lower 48 natural gas storage inventories for the week ending May 29, 2026 (Link). Total inventories now stand at 2,578 Bcf, 3 Bcf (0.1%) below year-ago levels and 138 Bcf (5.7%) above the 2021-2025 average for the same week.
The EIA announced a 95-Bcf net injection into U.S. storage inventories for the final full week of May. This marked the sixth consecutive week that the storage build lagged the year-ago benchmark, with inventories erasing the 142-Bcf surplus from mid-April and now sitting 3 Bcf below 2025 levels. This is the first time since February that stocks have been at a deficit to year-ago levels. Meanwhile, the surplus to the five-year average has held generally steady over that same stretch. Today’s build came in 6 Bcf shy of that benchmark, narrowing the surplus modestly to 138 Bcf.
