By Anthony Harrup
U.S. natural gas inventories likely fell by less than usual last week, shrinking the deficit over the five-year average as a warm start to March cut into heating demand.
Natural gas in underground storage is expected to have decreased by 46 billion cubic feet to 1,840 Bcf in the week ended March 6, according to the average estimate of 11 analysts, brokers and traders surveyed by The Wall Street Journal. Estimates range from a withdrawal of 38 Bcf to a withdrawal of 87 Bcf.
The expected withdrawal is smaller than the 64 Bcf five-year average draw for the week, and would reduce the deficit to 25 Bcf from 43 Bcf the week before.
In its latest energy outlook, the U.S. Energy Information Administration said that it expects storage to end March around 1,840 Bcf.
"Production was higher than expected throughout the winter, which helped dampen the effect of January's large storage withdrawals, keeping storage levels close to or above average through the winter," the EIA said. "We now expect natural gas inventories will end the withdrawal season near the five-year average."
The EIA is scheduled to report natural gas inventories on Thursday at 10:30 a.m. EDT.
Write to Anthony Harrup at anthony.harrup@wsj.com
(END) Dow Jones Newswires
March 11, 2026 12:50 ET (16:50 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments