The Energy Buyer's Guide | 03.30.2026

Natural gas futures drift lower as mild weather spreads across key markets.

- Natural gas futures drifted modestly lower last week, with April expiring at $3.095 per MMBtu and the market continuing to hover near the $3.00 level.

- A 54-Bcf storage withdrawal likely marked the seasonal low, with inventories remaining in a slight surplus to both year-ago levels and the five-year average.

- Demand declined sharply week over week as milder weather took hold, reinforcing a softer near-term fundamental backdrop heading into injection season.

- Northeast Winter 2026–27 basis strengthened further, extending the recent trend of firming pricing in the region while most other markets remained relatively quiet.