The EIA reported that for the week ending February 27, 2026, -132 Bcf was withdrawn from American storage facilities. Definitely an increase since last week’s report, and NYMEX trading did settle up about 12 cents across the one-year curve, but US storage reserves will likely be in a good place over the coming weeks (especially with demand currently being so soft). Producers may also increase output further in anticipation of increase international demand for US and Canadian LNG, and unless these LNG export facilities can ramp up quick enough match that pace (or if the Iran/US conflict suddenly fizzles out), there could be even more supply available to the market.

Daily Dawn storage hub nominations appear to be mostly balanced with net receipts and deliveries, currently leaning slightly heavier on receipts, meaning that there have been some small storage injections since late February.