This increase is driven by:
• Higher-than-expected production in Q2 2025.
• Lower power sector demand due to milder weather.
• Seven consecutive weeks of injections exceeding 100 Bcf from late April to early June.
Below is a chart comparing U.S. natural gas storage levels across key points:
This forecast suggests a well-supplied market heading into winter, with storage expected to exceed both last year and the historical norm.