The Energy Buyer's Guide

The Energy Buyer's Guide

The Energy Buyer's Guide | 07.13.2026

Natural gas futures collapse below recent trading range.

Andy Huenefeld's avatar
Andy Huenefeld
Jul 13, 2026
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• Natural gas futures broke decisively below the recent trading range as bearish storage data and reduced LNG demand shifted market sentiment. The August 2026 NYMEX contract fell $0.26 to $2.94 per MMBtu, while Summer ’26 dropped $0.22 to $2.92.

• The EIA reported a 61-Bcf storage injection covering the hottest week of the summer, expanding the surplus to the five-year average to 185 Bcf.

• Balance-of-2026 forward power prices spiked in PJM and MISO, rising by more than $10 and $9 per MWh, respectively, even as ERCOT pricing moved sharply lower.

• Freeport LNG began major maintenance that is expected to reduce feedgas demand by roughly 1 Bcf per day through the remainder of peak summer.

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