FX.co ★ U.S. Reports Surge in Net Withdrawals from Natural Gas Storage, February 2026

In a significant development for energy markets, the United States recently reported a dramatic increase in natural gas storage drawdowns. As of January 22, 2026, U.S. net withdrawals from natural gas storage reservoirs stood at -120 billion cubic feet (Bcf), a marked increase from the previous indicator of -71 Bcf.

The heightened level of natural gas withdrawal reflects an intensified demand likely spurred by harsher winter conditions affecting large swaths of the nation. This change signifies a substantial rise in consumption, which could continue to impact both short-term energy prices and long-term strategies for managing natural gas reserves.

This trend of increased withdrawals suggests that utility providers and market analysts may need to adjust their supply and pricing strategies to reflect changing patterns in consumption. As the winter season progresses, the energy sector will be closely monitoring weather developments and reservoir levels to ensure sufficient energy availability while addressing potential cost concerns.