EIA raises 2026–27 gas price outlook after winter storm

February STEO points to tighter end-of-season inventories, near-term price strength and modest production growth

Severe winter weather and record storage withdrawals have prompted the U.S. Energy Information Administration (EIA) to raise its near-term natural gas price outlook, while still projecting lower average prices in 2026 and 2027 than it expected just a month ago.

In its February Short-Term Energy Outlook (STEO), the EIA…

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