US natural gas inventories see less-than-anticipated hike

18/07/2024 Argaam

The US natural gas inventories added 10 billion cubic feet (Bcf) in the week ended July 12, below forecasts for a 27-Bcf increase.
 

Total natural gas reserves amounted to 3.20 trillion cubic feet for the week, an uptick of 8.4% (or roughly 250 Bcf), compared to the same period last year, data from the US Energy Information Administration showed.

 

Current inventories are higher by 16.9%, or about 465 Bcf, above the five-year average (2019-2023) of 2.74 trillion cubic feet.

 

US Natural Gas Inventories (Bcf)

Item 

Last Year

Last Week

Current

Weekly Change

Natural gas   

2,959

3,199

3,209

+10

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