By Anthony Harrup
U.S. natural gas inventories likely increased last week, expanding the storage surplus over the five-year average, according to a Wall Street Journal survey of analysts.
Natural gas in underground storage is expected to have risen by 22 billion cubic feet, to 1,851 Bcf, in the week ended March 27, according to the average estimate of 12 analysts, brokers and traders. Ten expect an inventory build and two predict a withdrawal. Estimates range from an injection of 40 Bcf to a withdrawal of 37 Bcf.
The expected injection compares with a five-year average draw for the week of 4 Bcf, and would leave inventories 40 Bcf above the 2021-2025 average, up from a 14 Bcf surplus the week before.
Last week was the last full week of the traditional winter withdrawal season, which runs from November through March. Stocks are typically drawn down to meet high heating demand during winter months, and built up over the spring and summer in preparation for the following winter.
The U.S. Energy Information Administration is scheduled to report storage data on Thursday at 10:30 a.m. EDT.
Write to Anthony Harrup at anthony.harrup@wsj.com
(END) Dow Jones Newswires
April 01, 2026 12:34 ET (16:34 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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