June 12, 2026
Weekly Energy News
Market Update
Natural gas markets pulled back this week after the EIA reported a 108-Bcf injection — 10 Bcf above the Platts consensus of 98 Bcf and the largest weekly build since June 2025. The July contract dropped approximately 5-6 cents following the report, hitting an intraday low of $3.054/MMBtu.
July 2026 NYMEX closed Thursday at $3.087
High for the day $3.204
Low for the day $3.054
Early trading for the prompt month is trading at $3.084
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
https://www.fxempire.com/commodities/natural-gas
Near-term weather has added to the pressure. The Great Lakes region faces a 40-50% chance of cooler-than-normal temperatures June 17-21, and US gas-fired power demand is projected to average roughly 41.6 Bcf/d through June 25 — below year-ago levels.
On the supply side, Freeport LNG completed maintenance on one liquefaction train June 11, pushing total USLNG feedgas demand to 19.3 Bcf/d — still below the ~20.5 Bcf/d April average but a positive sign for demand recovery.
Total US storage stands at2,686 Bcf — 151 Bcf above the five-year average but now 5 Bcf below year-ago levels, a notable shift from the surplus the market carried earlier in the injection season.
Analysts project the next EIA report will show an injection of ~79 Bcf, slightly above the five-year average of 73 Bcf but well below last year's 97-Bcf injection.
EIA Storage Report
Working gas in storage totaled 2,686 Bcf as of June 5, 2026 — a 108-Bcf weekly increase that exceeded the five-year average build of 95 Bcf and the year-ago addition of 110 Bcf. Inventories are 151 Bcf above the five-year average of 2,535 Bcf and 5 Bcf below year-ago levels, remaining within the historical five-year range.
Weather
NOAA confirmed this week that El Niño has officially formed and is expected to strengthen significantly through 2026. There is a ~90% chance it reaches at least "strong" intensity, a 60%+ chance of "very strong," and roughly a one-in-three chance of a rare "super El Niño." WMO puts the probability of El Niño persisting through at least November 2026 at ~90%.
For gas markets, El Niño typically brings warmer, drier conditions — supporting stronger summer cooling demand and higher power-sector gas burn. It also tends to suppress Atlantic hurricane activity; NOAA forecasts a below-normal season with 8-14 named storms, reducing but not eliminating the risk of Gulf Coast production disruptions.
Near-term, the picture is more mixed: cooler-than-normal temperatures are expected across the Midwest and Great Lakes through mid-to-late June. The July outlook calls for above-normal temperatures across most of the country, which should support demand heading into the peak of summer.
Market Data:
June 12, 2026
Weekly Energy News
June 12, 2026
Market Update
Natural gas markets pulled back this week after the EIA reported a 108-Bcf injection — 10 Bcf above the Platts consensus of 98 Bcf and the largest weekly build since June 2025. The July contract dropped approximately 5-6 cents following the report, hitting an intraday low of $3.054/MMBtu.
July 2026 NYMEX closed Thursday at $3.087
High for the day $3.204
Low for the day $3.054
Early trading for the prompt month is trading at $3.084
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
https://www.fxempire.com/commodities/natural-gas
Near-term weather has added to the pressure. The Great Lakes region faces a 40-50% chance of cooler-than-normal temperatures June 17-21, and US gas-fired power demand is projected to average roughly 41.6 Bcf/d through June 25 — below year-ago levels.
On the supply side, Freeport LNG completed maintenance on one liquefaction train June 11, pushing total USLNG feedgas demand to 19.3 Bcf/d — still below the ~20.5 Bcf/d April average but a positive sign for demand recovery.
Total US storage stands at2,686 Bcf — 151 Bcf above the five-year average but now 5 Bcf below year-ago levels, a notable shift from the surplus the market carried earlier in the injection season.
Analysts project the next EIA report will show an injection of ~79 Bcf, slightly above the five-year average of 73 Bcf but well below last year's 97-Bcf injection.
EIA Storage Report
Working gas in storage totaled 2,686 Bcf as of June 5, 2026 — a 108-Bcf weekly increase that exceeded the five-year average build of 95 Bcf and the year-ago addition of 110 Bcf. Inventories are 151 Bcf above the five-year average of 2,535 Bcf and 5 Bcf below year-ago levels, remaining within the historical five-year range.
Weather
NOAA confirmed this week that El Niño has officially formed and is expected to strengthen significantly through 2026. There is a ~90% chance it reaches at least "strong" intensity, a 60%+ chance of "very strong," and roughly a one-in-three chance of a rare "super El Niño." WMO puts the probability of El Niño persisting through at least November 2026 at ~90%.
For gas markets, El Niño typically brings warmer, drier conditions — supporting stronger summer cooling demand and higher power-sector gas burn. It also tends to suppress Atlantic hurricane activity; NOAA forecasts a below-normal season with 8-14 named storms, reducing but not eliminating the risk of Gulf Coast production disruptions.
Near-term, the picture is more mixed: cooler-than-normal temperatures are expected across the Midwest and Great Lakes through mid-to-late June. The July outlook calls for above-normal temperatures across most of the country, which should support demand heading into the peak of summer.
Market Data:
June 12, 2026
June 12, 2026
Weekly Energy News
Market Update
Natural gas markets pulled back this week after the EIA reported a 108-Bcf injection — 10 Bcf above the Platts consensus of 98 Bcf and the largest weekly build since June 2025. The July contract dropped approximately 5-6 cents following the report, hitting an intraday low of $3.054/MMBtu.
July 2026 NYMEX closed Thursday at $3.087
High for the day $3.204
Low for the day $3.054
Early trading for the prompt month is trading at $3.084
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
https://www.fxempire.com/commodities/natural-gas
Near-term weather has added to the pressure. The Great Lakes region faces a 40-50% chance of cooler-than-normal temperatures June 17-21, and US gas-fired power demand is projected to average roughly 41.6 Bcf/d through June 25 — below year-ago levels.
On the supply side, Freeport LNG completed maintenance on one liquefaction train June 11, pushing total USLNG feedgas demand to 19.3 Bcf/d — still below the ~20.5 Bcf/d April average but a positive sign for demand recovery.
Total US storage stands at2,686 Bcf — 151 Bcf above the five-year average but now 5 Bcf below year-ago levels, a notable shift from the surplus the market carried earlier in the injection season.
Analysts project the next EIA report will show an injection of ~79 Bcf, slightly above the five-year average of 73 Bcf but well below last year's 97-Bcf injection.
EIA Storage Report
Working gas in storage totaled 2,686 Bcf as of June 5, 2026 — a 108-Bcf weekly increase that exceeded the five-year average build of 95 Bcf and the year-ago addition of 110 Bcf. Inventories are 151 Bcf above the five-year average of 2,535 Bcf and 5 Bcf below year-ago levels, remaining within the historical five-year range.
Weather
NOAA confirmed this week that El Niño has officially formed and is expected to strengthen significantly through 2026. There is a ~90% chance it reaches at least "strong" intensity, a 60%+ chance of "very strong," and roughly a one-in-three chance of a rare "super El Niño." WMO puts the probability of El Niño persisting through at least November 2026 at ~90%.
For gas markets, El Niño typically brings warmer, drier conditions — supporting stronger summer cooling demand and higher power-sector gas burn. It also tends to suppress Atlantic hurricane activity; NOAA forecasts a below-normal season with 8-14 named storms, reducing but not eliminating the risk of Gulf Coast production disruptions.
Near-term, the picture is more mixed: cooler-than-normal temperatures are expected across the Midwest and Great Lakes through mid-to-late June. The July outlook calls for above-normal temperatures across most of the country, which should support demand heading into the peak of summer.
June 12, 2026
Weekly Energy News
Market Update
Natural gas markets pulled back this week after the EIA reported a 108-Bcf injection — 10 Bcf above the Platts consensus of 98 Bcf and the largest weekly build since June 2025. The July contract dropped approximately 5-6 cents following the report, hitting an intraday low of $3.054/MMBtu.
July 2026 NYMEX closed Thursday at $3.087
High for the day $3.204
Low for the day $3.054
Early trading for the prompt month is trading at $3.084
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
https://www.fxempire.com/commodities/natural-gas
Near-term weather has added to the pressure. The Great Lakes region faces a 40-50% chance of cooler-than-normal temperatures June 17-21, and US gas-fired power demand is projected to average roughly 41.6 Bcf/d through June 25 — below year-ago levels.
On the supply side, Freeport LNG completed maintenance on one liquefaction train June 11, pushing total USLNG feedgas demand to 19.3 Bcf/d — still below the ~20.5 Bcf/d April average but a positive sign for demand recovery.
Total US storage stands at2,686 Bcf — 151 Bcf above the five-year average but now 5 Bcf below year-ago levels, a notable shift from the surplus the market carried earlier in the injection season.
Analysts project the next EIA report will show an injection of ~79 Bcf, slightly above the five-year average of 73 Bcf but well below last year's 97-Bcf injection.
EIA Storage Report
Working gas in storage totaled 2,686 Bcf as of June 5, 2026 — a 108-Bcf weekly increase that exceeded the five-year average build of 95 Bcf and the year-ago addition of 110 Bcf. Inventories are 151 Bcf above the five-year average of 2,535 Bcf and 5 Bcf below year-ago levels, remaining within the historical five-year range.
Weather
NOAA confirmed this week that El Niño has officially formed and is expected to strengthen significantly through 2026. There is a ~90% chance it reaches at least "strong" intensity, a 60%+ chance of "very strong," and roughly a one-in-three chance of a rare "super El Niño." WMO puts the probability of El Niño persisting through at least November 2026 at ~90%.
For gas markets, El Niño typically brings warmer, drier conditions — supporting stronger summer cooling demand and higher power-sector gas burn. It also tends to suppress Atlantic hurricane activity; NOAA forecasts a below-normal season with 8-14 named storms, reducing but not eliminating the risk of Gulf Coast production disruptions.
Near-term, the picture is more mixed: cooler-than-normal temperatures are expected across the Midwest and Great Lakes through mid-to-late June. The July outlook calls for above-normal temperatures across most of the country, which should support demand heading into the peak of summer.
June 12, 2026
Weekly Energy News
Market Update
Natural gas markets pulled back this week after the EIA reported a 108-Bcf injection — 10 Bcf above the Platts consensus of 98 Bcf and the largest weekly build since June 2025. The July contract dropped approximately 5-6 cents following the report, hitting an intraday low of $3.054/MMBtu.
July 2026 NYMEX closed Thursday at $3.087
High for the day $3.204
Low for the day $3.054
Early trading for the prompt month is trading at $3.084
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
https://www.fxempire.com/commodities/natural-gas
Near-term weather has added to the pressure. The Great Lakes region faces a 40-50% chance of cooler-than-normal temperatures June 17-21, and US gas-fired power demand is projected to average roughly 41.6 Bcf/d through June 25 — below year-ago levels.
On the supply side, Freeport LNG completed maintenance on one liquefaction train June 11, pushing total USLNG feedgas demand to 19.3 Bcf/d — still below the ~20.5 Bcf/d April average but a positive sign for demand recovery.
Total US storage stands at2,686 Bcf — 151 Bcf above the five-year average but now 5 Bcf below year-ago levels, a notable shift from the surplus the market carried earlier in the injection season.
Analysts project the next EIA report will show an injection of ~79 Bcf, slightly above the five-year average of 73 Bcf but well below last year's 97-Bcf injection.
EIA Storage Report
Working gas in storage totaled 2,686 Bcf as of June 5, 2026 — a 108-Bcf weekly increase that exceeded the five-year average build of 95 Bcf and the year-ago addition of 110 Bcf. Inventories are 151 Bcf above the five-year average of 2,535 Bcf and 5 Bcf below year-ago levels, remaining within the historical five-year range.
Weather
NOAA confirmed this week that El Niño has officially formed and is expected to strengthen significantly through 2026. There is a ~90% chance it reaches at least "strong" intensity, a 60%+ chance of "very strong," and roughly a one-in-three chance of a rare "super El Niño." WMO puts the probability of El Niño persisting through at least November 2026 at ~90%.
For gas markets, El Niño typically brings warmer, drier conditions — supporting stronger summer cooling demand and higher power-sector gas burn. It also tends to suppress Atlantic hurricane activity; NOAA forecasts a below-normal season with 8-14 named storms, reducing but not eliminating the risk of Gulf Coast production disruptions.
Near-term, the picture is more mixed: cooler-than-normal temperatures are expected across the Midwest and Great Lakes through mid-to-late June. The July outlook calls for above-normal temperatures across most of the country, which should support demand heading into the peak of summer.
June 12, 2026
Market Update
Natural gas markets pulled back this week after the EIA reported a 108-Bcf injection — 10 Bcf above the Platts consensus of 98 Bcf and the largest weekly build since June 2025. The July contract dropped approximately 5-6 cents following the report, hitting an intraday low of $3.054/MMBtu.
July 2026 NYMEX closed Thursday at $3.087
High for the day $3.204
Low for the day $3.054
Early trading for the prompt month is trading at $3.084
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
https://www.fxempire.com/commodities/natural-gas
Near-term weather has added to the pressure. The Great Lakes region faces a 40-50% chance of cooler-than-normal temperatures June 17-21, and US gas-fired power demand is projected to average roughly 41.6 Bcf/d through June 25 — below year-ago levels.
On the supply side, Freeport LNG completed maintenance on one liquefaction train June 11, pushing total USLNG feedgas demand to 19.3 Bcf/d — still below the ~20.5 Bcf/d April average but a positive sign for demand recovery.
Total US storage stands at2,686 Bcf — 151 Bcf above the five-year average but now 5 Bcf below year-ago levels, a notable shift from the surplus the market carried earlier in the injection season.
Analysts project the next EIA report will show an injection of ~79 Bcf, slightly above the five-year average of 73 Bcf but well below last year's 97-Bcf injection.
EIA Storage Report
Working gas in storage totaled 2,686 Bcf as of June 5, 2026 — a 108-Bcf weekly increase that exceeded the five-year average build of 95 Bcf and the year-ago addition of 110 Bcf. Inventories are 151 Bcf above the five-year average of 2,535 Bcf and 5 Bcf below year-ago levels, remaining within the historical five-year range.
Weather
NOAA confirmed this week that El Niño has officially formed and is expected to strengthen significantly through 2026. There is a ~90% chance it reaches at least "strong" intensity, a 60%+ chance of "very strong," and roughly a one-in-three chance of a rare "super El Niño." WMO puts the probability of El Niño persisting through at least November 2026 at ~90%.
For gas markets, El Niño typically brings warmer, drier conditions — supporting stronger summer cooling demand and higher power-sector gas burn. It also tends to suppress Atlantic hurricane activity; NOAA forecasts a below-normal season with 8-14 named storms, reducing but not eliminating the risk of Gulf Coast production disruptions.
Near-term, the picture is more mixed: cooler-than-normal temperatures are expected across the Midwest and Great Lakes through mid-to-late June. The July outlook calls for above-normal temperatures across most of the country, which should support demand heading into the peak of summer.
June 12, 2026
Weekly Energy News
Market Update
Natural gas markets pulled back this week after the EIA reported a 108-Bcf injection — 10 Bcf above the Platts consensus of 98 Bcf and the largest weekly build since June 2025. The July contract dropped approximately 5-6 cents following the report, hitting an intraday low of $3.054/MMBtu.
July 2026 NYMEX closed Thursday at $3.087
High for the day $3.204
Low for the day $3.054
Early trading for the prompt month is trading at $3.084
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
https://www.fxempire.com/commodities/natural-gas
Near-term weather has added to the pressure. The Great Lakes region faces a 40-50% chance of cooler-than-normal temperatures June 17-21, and US gas-fired power demand is projected to average roughly 41.6 Bcf/d through June 25 — below year-ago levels.
On the supply side, Freeport LNG completed maintenance on one liquefaction train June 11, pushing total USLNG feedgas demand to 19.3 Bcf/d — still below the ~20.5 Bcf/d April average but a positive sign for demand recovery.
Total US storage stands at2,686 Bcf — 151 Bcf above the five-year average but now 5 Bcf below year-ago levels, a notable shift from the surplus the market carried earlier in the injection season.
Analysts project the next EIA report will show an injection of ~79 Bcf, slightly above the five-year average of 73 Bcf but well below last year's 97-Bcf injection.
EIA Storage Report
Working gas in storage totaled 2,686 Bcf as of June 5, 2026 — a 108-Bcf weekly increase that exceeded the five-year average build of 95 Bcf and the year-ago addition of 110 Bcf. Inventories are 151 Bcf above the five-year average of 2,535 Bcf and 5 Bcf below year-ago levels, remaining within the historical five-year range.
Weather
NOAA confirmed this week that El Niño has officially formed and is expected to strengthen significantly through 2026. There is a ~90% chance it reaches at least "strong" intensity, a 60%+ chance of "very strong," and roughly a one-in-three chance of a rare "super El Niño." WMO puts the probability of El Niño persisting through at least November 2026 at ~90%.
For gas markets, El Niño typically brings warmer, drier conditions — supporting stronger summer cooling demand and higher power-sector gas burn. It also tends to suppress Atlantic hurricane activity; NOAA forecasts a below-normal season with 8-14 named storms, reducing but not eliminating the risk of Gulf Coast production disruptions.
Near-term, the picture is more mixed: cooler-than-normal temperatures are expected across the Midwest and Great Lakes through mid-to-late June. The July outlook calls for above-normal temperatures across most of the country, which should support demand heading into the peak of summer.
June 12, 2026
Weekly Energy News
Market Update
Natural gas markets pulled back this week after the EIA reported a 108-Bcf injection — 10 Bcf above the Platts consensus of 98 Bcf and the largest weekly build since June 2025. The July contract dropped approximately 5-6 cents following the report, hitting an intraday low of $3.054/MMBtu.
July 2026 NYMEX closed Thursday at $3.087
High for the day $3.204
Low for the day $3.054
Early trading for the prompt month is trading at $3.084
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
https://www.fxempire.com/commodities/natural-gas
Near-term weather has added to the pressure. The Great Lakes region faces a 40-50% chance of cooler-than-normal temperatures June 17-21, and US gas-fired power demand is projected to average roughly 41.6 Bcf/d through June 25 — below year-ago levels.
On the supply side, Freeport LNG completed maintenance on one liquefaction train June 11, pushing total USLNG feedgas demand to 19.3 Bcf/d — still below the ~20.5 Bcf/d April average but a positive sign for demand recovery.
Total US storage stands at2,686 Bcf — 151 Bcf above the five-year average but now 5 Bcf below year-ago levels, a notable shift from the surplus the market carried earlier in the injection season.
Analysts project the next EIA report will show an injection of ~79 Bcf, slightly above the five-year average of 73 Bcf but well below last year's 97-Bcf injection.
EIA Storage Report
Working gas in storage totaled 2,686 Bcf as of June 5, 2026 — a 108-Bcf weekly increase that exceeded the five-year average build of 95 Bcf and the year-ago addition of 110 Bcf. Inventories are 151 Bcf above the five-year average of 2,535 Bcf and 5 Bcf below year-ago levels, remaining within the historical five-year range.
Weather
NOAA confirmed this week that El Niño has officially formed and is expected to strengthen significantly through 2026. There is a ~90% chance it reaches at least "strong" intensity, a 60%+ chance of "very strong," and roughly a one-in-three chance of a rare "super El Niño." WMO puts the probability of El Niño persisting through at least November 2026 at ~90%.
For gas markets, El Niño typically brings warmer, drier conditions — supporting stronger summer cooling demand and higher power-sector gas burn. It also tends to suppress Atlantic hurricane activity; NOAA forecasts a below-normal season with 8-14 named storms, reducing but not eliminating the risk of Gulf Coast production disruptions.
Near-term, the picture is more mixed: cooler-than-normal temperatures are expected across the Midwest and Great Lakes through mid-to-late June. The July outlook calls for above-normal temperatures across most of the country, which should support demand heading into the peak of summer.
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