The Energy Buyer's Guide | 04.13.2026

Natural gas continues downward, as the balance-of-summer strip drifts to multi-year lows.

- Natural gas futures extended their decline last week, with the prompt-month contract trading near $2.65 per MMBtu and the balance-of-summer strip testing the $3.00 level at multi-year lows.

- A 50-Bcf storage build marked the first week of the traditional injection season, with inventories maintaining modest surpluses to both year-ago levels and the five-year average.

- Warm weather is expected to keep demand limited in the near term, reinforcing a soft setup as the market moves deeper into the shoulder season.

- Net supply remains below last year’s pace, as strong LNG exports and weaker Canadian imports continue to offset elevated production and tighten the underlying balance.