August 7, 2026
Weekly Energy News
Market Update: Natural gas markets came under renewed pressure this week as a larger-than-expected storage build and a softening weather outlook pushed NYMEX September futures to a four-month low at $2.616/MMBtu. The October and November contracts also touched new lows at $2.67 and $2.90/MMBtu, respectively. EBW Analytics noted that cooling in the near-term forecast suggests "the next five days may mark the last major national cooling demand boost of the summer," adding potential for further downside. The national average cash price was $2.410/MMBtu on August 6.
On the supply side, Permian Basin production curtailments have largely reversed following the startup of new pipeline egress in June. Waha spot prices, which averaged negative $3.74/MMBtu during February–May, have turned solidly positive. Meanwhile, Cheniere Energy flagged tightening global LNG fundamentals, noting European storage is only about 58% full — well below 70% at this point last year — as buyers focus increasingly on supply security heading into winter.
Storage Report: For the week ending July 31, 2026, the EIA reported injection — 3 Bcf above consensus — bringing total working gas to 3,117 Bcf. Stocks now sit 195 Bcf (6.7%) above the five-year average and just 12 Bcf below year-ago levels. Injections were led by the East (+24 Bcf) and Midwest (+20 Bcf), while South Central saw a modest 6 Bcf draw. Analysts expect a slightly smaller 25–30 Bcf build for the week ending August 7.
Weather: The NOAA 6–10 day outlook (valid August 12–16) shows above-normal temperatures favored across the Southeast and much of the West, supporting continued power burn in those regions. However, below-normal temperatures are expected from the Northern Plains through the Great Lakes and into the Northeast, with near-normal conditions across the Central Plains and Mid-Atlantic.
Overall, the pattern points to waning summer cooling demand nationally as the northern tier cools heading into the back half of August — a bearish signal for gas prices consistent with the current soft market tone.
Market Data:
August 7, 2026
Weekly Energy News
August 7, 2026
Market Update: Natural gas markets came under renewed pressure this week as a larger-than-expected storage build and a softening weather outlook pushed NYMEX September futures to a four-month low at $2.616/MMBtu. The October and November contracts also touched new lows at $2.67 and $2.90/MMBtu, respectively. EBW Analytics noted that cooling in the near-term forecast suggests "the next five days may mark the last major national cooling demand boost of the summer," adding potential for further downside. The national average cash price was $2.410/MMBtu on August 6.
On the supply side, Permian Basin production curtailments have largely reversed following the startup of new pipeline egress in June. Waha spot prices, which averaged negative $3.74/MMBtu during February–May, have turned solidly positive. Meanwhile, Cheniere Energy flagged tightening global LNG fundamentals, noting European storage is only about 58% full — well below 70% at this point last year — as buyers focus increasingly on supply security heading into winter.
Storage Report: For the week ending July 31, 2026, the EIA reported injection — 3 Bcf above consensus — bringing total working gas to 3,117 Bcf. Stocks now sit 195 Bcf (6.7%) above the five-year average and just 12 Bcf below year-ago levels. Injections were led by the East (+24 Bcf) and Midwest (+20 Bcf), while South Central saw a modest 6 Bcf draw. Analysts expect a slightly smaller 25–30 Bcf build for the week ending August 7.
Weather: The NOAA 6–10 day outlook (valid August 12–16) shows above-normal temperatures favored across the Southeast and much of the West, supporting continued power burn in those regions. However, below-normal temperatures are expected from the Northern Plains through the Great Lakes and into the Northeast, with near-normal conditions across the Central Plains and Mid-Atlantic.
Overall, the pattern points to waning summer cooling demand nationally as the northern tier cools heading into the back half of August — a bearish signal for gas prices consistent with the current soft market tone.
Market Data:
August 7, 2026
August 7, 2026
Weekly Energy News
Market Update: Natural gas markets came under renewed pressure this week as a larger-than-expected storage build and a softening weather outlook pushed NYMEX September futures to a four-month low at $2.616/MMBtu. The October and November contracts also touched new lows at $2.67 and $2.90/MMBtu, respectively. EBW Analytics noted that cooling in the near-term forecast suggests "the next five days may mark the last major national cooling demand boost of the summer," adding potential for further downside. The national average cash price was $2.410/MMBtu on August 6.
On the supply side, Permian Basin production curtailments have largely reversed following the startup of new pipeline egress in June. Waha spot prices, which averaged negative $3.74/MMBtu during February–May, have turned solidly positive. Meanwhile, Cheniere Energy flagged tightening global LNG fundamentals, noting European storage is only about 58% full — well below 70% at this point last year — as buyers focus increasingly on supply security heading into winter.
Storage Report: For the week ending July 31, 2026, the EIA reported injection — 3 Bcf above consensus — bringing total working gas to 3,117 Bcf. Stocks now sit 195 Bcf (6.7%) above the five-year average and just 12 Bcf below year-ago levels. Injections were led by the East (+24 Bcf) and Midwest (+20 Bcf), while South Central saw a modest 6 Bcf draw. Analysts expect a slightly smaller 25–30 Bcf build for the week ending August 7.
Weather: The NOAA 6–10 day outlook (valid August 12–16) shows above-normal temperatures favored across the Southeast and much of the West, supporting continued power burn in those regions. However, below-normal temperatures are expected from the Northern Plains through the Great Lakes and into the Northeast, with near-normal conditions across the Central Plains and Mid-Atlantic.
Overall, the pattern points to waning summer cooling demand nationally as the northern tier cools heading into the back half of August — a bearish signal for gas prices consistent with the current soft market tone.
August 7, 2026
Weekly Energy News
Market Update: Natural gas markets came under renewed pressure this week as a larger-than-expected storage build and a softening weather outlook pushed NYMEX September futures to a four-month low at $2.616/MMBtu. The October and November contracts also touched new lows at $2.67 and $2.90/MMBtu, respectively. EBW Analytics noted that cooling in the near-term forecast suggests "the next five days may mark the last major national cooling demand boost of the summer," adding potential for further downside. The national average cash price was $2.410/MMBtu on August 6.
On the supply side, Permian Basin production curtailments have largely reversed following the startup of new pipeline egress in June. Waha spot prices, which averaged negative $3.74/MMBtu during February–May, have turned solidly positive. Meanwhile, Cheniere Energy flagged tightening global LNG fundamentals, noting European storage is only about 58% full — well below 70% at this point last year — as buyers focus increasingly on supply security heading into winter.
Storage Report: For the week ending July 31, 2026, the EIA reported injection — 3 Bcf above consensus — bringing total working gas to 3,117 Bcf. Stocks now sit 195 Bcf (6.7%) above the five-year average and just 12 Bcf below year-ago levels. Injections were led by the East (+24 Bcf) and Midwest (+20 Bcf), while South Central saw a modest 6 Bcf draw. Analysts expect a slightly smaller 25–30 Bcf build for the week ending August 7.
Weather: The NOAA 6–10 day outlook (valid August 12–16) shows above-normal temperatures favored across the Southeast and much of the West, supporting continued power burn in those regions. However, below-normal temperatures are expected from the Northern Plains through the Great Lakes and into the Northeast, with near-normal conditions across the Central Plains and Mid-Atlantic.
Overall, the pattern points to waning summer cooling demand nationally as the northern tier cools heading into the back half of August — a bearish signal for gas prices consistent with the current soft market tone.
August 7, 2026
Weekly Energy News
Market Update: Natural gas markets came under renewed pressure this week as a larger-than-expected storage build and a softening weather outlook pushed NYMEX September futures to a four-month low at $2.616/MMBtu. The October and November contracts also touched new lows at $2.67 and $2.90/MMBtu, respectively. EBW Analytics noted that cooling in the near-term forecast suggests "the next five days may mark the last major national cooling demand boost of the summer," adding potential for further downside. The national average cash price was $2.410/MMBtu on August 6.
On the supply side, Permian Basin production curtailments have largely reversed following the startup of new pipeline egress in June. Waha spot prices, which averaged negative $3.74/MMBtu during February–May, have turned solidly positive. Meanwhile, Cheniere Energy flagged tightening global LNG fundamentals, noting European storage is only about 58% full — well below 70% at this point last year — as buyers focus increasingly on supply security heading into winter.
Storage Report: For the week ending July 31, 2026, the EIA reported injection — 3 Bcf above consensus — bringing total working gas to 3,117 Bcf. Stocks now sit 195 Bcf (6.7%) above the five-year average and just 12 Bcf below year-ago levels. Injections were led by the East (+24 Bcf) and Midwest (+20 Bcf), while South Central saw a modest 6 Bcf draw. Analysts expect a slightly smaller 25–30 Bcf build for the week ending August 7.
Weather: The NOAA 6–10 day outlook (valid August 12–16) shows above-normal temperatures favored across the Southeast and much of the West, supporting continued power burn in those regions. However, below-normal temperatures are expected from the Northern Plains through the Great Lakes and into the Northeast, with near-normal conditions across the Central Plains and Mid-Atlantic.
Overall, the pattern points to waning summer cooling demand nationally as the northern tier cools heading into the back half of August — a bearish signal for gas prices consistent with the current soft market tone.
August 7, 2026
Market Update: Natural gas markets came under renewed pressure this week as a larger-than-expected storage build and a softening weather outlook pushed NYMEX September futures to a four-month low at $2.616/MMBtu. The October and November contracts also touched new lows at $2.67 and $2.90/MMBtu, respectively. EBW Analytics noted that cooling in the near-term forecast suggests "the next five days may mark the last major national cooling demand boost of the summer," adding potential for further downside. The national average cash price was $2.410/MMBtu on August 6.
On the supply side, Permian Basin production curtailments have largely reversed following the startup of new pipeline egress in June. Waha spot prices, which averaged negative $3.74/MMBtu during February–May, have turned solidly positive. Meanwhile, Cheniere Energy flagged tightening global LNG fundamentals, noting European storage is only about 58% full — well below 70% at this point last year — as buyers focus increasingly on supply security heading into winter.
Storage Report: For the week ending July 31, 2026, the EIA reported injection — 3 Bcf above consensus — bringing total working gas to 3,117 Bcf. Stocks now sit 195 Bcf (6.7%) above the five-year average and just 12 Bcf below year-ago levels. Injections were led by the East (+24 Bcf) and Midwest (+20 Bcf), while South Central saw a modest 6 Bcf draw. Analysts expect a slightly smaller 25–30 Bcf build for the week ending August 7.
Weather: The NOAA 6–10 day outlook (valid August 12–16) shows above-normal temperatures favored across the Southeast and much of the West, supporting continued power burn in those regions. However, below-normal temperatures are expected from the Northern Plains through the Great Lakes and into the Northeast, with near-normal conditions across the Central Plains and Mid-Atlantic.
Overall, the pattern points to waning summer cooling demand nationally as the northern tier cools heading into the back half of August — a bearish signal for gas prices consistent with the current soft market tone.
August 7, 2026
Weekly Energy News
Market Update: Natural gas markets came under renewed pressure this week as a larger-than-expected storage build and a softening weather outlook pushed NYMEX September futures to a four-month low at $2.616/MMBtu. The October and November contracts also touched new lows at $2.67 and $2.90/MMBtu, respectively. EBW Analytics noted that cooling in the near-term forecast suggests "the next five days may mark the last major national cooling demand boost of the summer," adding potential for further downside. The national average cash price was $2.410/MMBtu on August 6.
On the supply side, Permian Basin production curtailments have largely reversed following the startup of new pipeline egress in June. Waha spot prices, which averaged negative $3.74/MMBtu during February–May, have turned solidly positive. Meanwhile, Cheniere Energy flagged tightening global LNG fundamentals, noting European storage is only about 58% full — well below 70% at this point last year — as buyers focus increasingly on supply security heading into winter.
Storage Report: For the week ending July 31, 2026, the EIA reported injection — 3 Bcf above consensus — bringing total working gas to 3,117 Bcf. Stocks now sit 195 Bcf (6.7%) above the five-year average and just 12 Bcf below year-ago levels. Injections were led by the East (+24 Bcf) and Midwest (+20 Bcf), while South Central saw a modest 6 Bcf draw. Analysts expect a slightly smaller 25–30 Bcf build for the week ending August 7.
Weather: The NOAA 6–10 day outlook (valid August 12–16) shows above-normal temperatures favored across the Southeast and much of the West, supporting continued power burn in those regions. However, below-normal temperatures are expected from the Northern Plains through the Great Lakes and into the Northeast, with near-normal conditions across the Central Plains and Mid-Atlantic.
Overall, the pattern points to waning summer cooling demand nationally as the northern tier cools heading into the back half of August — a bearish signal for gas prices consistent with the current soft market tone.
August 7, 2026
Weekly Energy News
Market Update: Natural gas markets came under renewed pressure this week as a larger-than-expected storage build and a softening weather outlook pushed NYMEX September futures to a four-month low at $2.616/MMBtu. The October and November contracts also touched new lows at $2.67 and $2.90/MMBtu, respectively. EBW Analytics noted that cooling in the near-term forecast suggests "the next five days may mark the last major national cooling demand boost of the summer," adding potential for further downside. The national average cash price was $2.410/MMBtu on August 6.
On the supply side, Permian Basin production curtailments have largely reversed following the startup of new pipeline egress in June. Waha spot prices, which averaged negative $3.74/MMBtu during February–May, have turned solidly positive. Meanwhile, Cheniere Energy flagged tightening global LNG fundamentals, noting European storage is only about 58% full — well below 70% at this point last year — as buyers focus increasingly on supply security heading into winter.
Storage Report: For the week ending July 31, 2026, the EIA reported injection — 3 Bcf above consensus — bringing total working gas to 3,117 Bcf. Stocks now sit 195 Bcf (6.7%) above the five-year average and just 12 Bcf below year-ago levels. Injections were led by the East (+24 Bcf) and Midwest (+20 Bcf), while South Central saw a modest 6 Bcf draw. Analysts expect a slightly smaller 25–30 Bcf build for the week ending August 7.
Weather: The NOAA 6–10 day outlook (valid August 12–16) shows above-normal temperatures favored across the Southeast and much of the West, supporting continued power burn in those regions. However, below-normal temperatures are expected from the Northern Plains through the Great Lakes and into the Northeast, with near-normal conditions across the Central Plains and Mid-Atlantic.
Overall, the pattern points to waning summer cooling demand nationally as the northern tier cools heading into the back half of August — a bearish signal for gas prices consistent with the current soft market tone.
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