FX.co ★ US Natural Gas Stocks Fall More than Expected

In the week ending January 23, 2026, U.S. energy companies extracted 242 billion cubic feet of natural gas from storage, surpassing expectations, driven by higher heating demands due to colder-than-normal weather. This compares to a withdrawal of 307 billion cubic feet during the corresponding week of the previous year, and a typical five-year average decline of 208 billion cubic feet for this period. Consequently, natural gas reserves dropped to 2.823 trillion cubic feet, which is 7.9% higher than the same time last year and 5.3% above the five-year average. During the previous week, ending January 16, utilities had removed 120 billion cubic feet of gas from storage.