US Natural Gas Storage
It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and significant price volatility;
Energy prices are based on supply and demand in the market. Inventories are used to maintain price stability during supply shortages and periods of increasing demand. It tends to create a hefty market impact upon release;
- US Natural Gas Storage Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jul 3, 2024 | 32B | 31B | 52B |
Jun 27, 2024 | 52B | 53B | 71B |
Jun 21, 2024 | 71B | 69B | 74B |
Jun 13, 2024 | 74B | 73B | 98B |
Jun 6, 2024 | 98B | 89B | 84B |
May 30, 2024 | 84B | 77B | 78B |
May 23, 2024 | 78B | 84B | 70B |
May 16, 2024 | 70B | 76B | 79B |
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- US Natural Gas Storage News
Working natural gas in storage across the United States increased by 32 billion cubic feet in the week ending June 28 compared to the previous seven-day period to reach 3,134 billion cubic feet, the Energy Information Administration (EIA) said in its report published on Wednesday. On an annual level, the figure advanced by 275 billion cubic feet. Additionally, the stockpiles grew by 496 billion cubic feet above the five-year average of 2,638 billion cubic feet. The total working gas was higher than the five-year historical range.
U.S. utilities likely added a smaller-than-usual 32 billion cubic feet (bcf) of natural gas into storage last week as hot weather prompted power generators to burn more gas than usual to keep air conditioners humming, a Reuters poll showed on Tuesday. That compares with an injection of 76 bcf during the same week a year ago and a five-year (2019-2023) average increase of 69 bcf for this time of year. In the prior week ended June 21, utilities added 52 bcf of gas into storage. If correct, the forecast for the week ended June 28 would ...
Working natural gas in storage across the United States amounted to 3,097 billion cubic feet (Bcf) in the week ending June 21, according to a report released by the Energy Information Administration (EIA) on Thursday. The total storage thus increased by 52 Bcf compared to the previous week. In comparison to the same period a year earlier, gas stocks rose by 314 billion cubic feet and were 528 billion cubic feet above the five-year average of 2,569 billion cubic feet. The total working gas was higher than the five-year historical ...
Natural gas futures were little changed to close out the trading week, as the latest storage data was roughly in line with market expectations. Prices are on track for a weekly loss and have pared their year-to-date gains. With hurricane season on the horizon and robust inventories, it will be a challenging market to navigate in the short term. July natural gas futures dipped $0.011, or 0.4%, to $2.73 per million British thermal units (Btu) at 16:06 GMT on Friday on the New York Mercantile Exchange. Natural gas prices will register a ...
Working natural gas in storage across the United States amounted to 3,045 billion cubic feet (Bcf) in the week ending June 14, according to a report released by the Energy Information Administration (EIA) on Friday. The total storage thus increased by 71 Bcf compared to the previous week. In comparison to the same period a year earlier, gas stocks rose by 343 billion cubic feet and were 561 billion cubic feet above the five-year average of 2,484 billion cubic feet. The total working gas was higher than the five-year historical range.
Working natural gas in storage across the United States amounted to 2,974 billion cubic feet (Bcf) in the week ending June 7, according to a report released by the Energy Information Administration (EIA) on Thursday. The total storage thus increased by 74 Bcf compared to the previous week. In comparison to the same period a year earlier, gas stocks rose by 364 billion cubic feet and were 573 billion cubic feet above the five-year average of 2,401 billion cubic feet. The total working gas was higher than the five-year historical range.
Working natural gas in storage across the United States amounted to 2,893 billion cubic feet (Bcf) in the week ending May 31, according to a report released by the Energy Information Administration (EIA) on Thursday. The total storage thus expanded by 98 Bcf compared to the previous week. In comparison to the same period a year earlier, gas stocks rose by 373 billion cubic feet and were 581 billion cubic feet above the five-year average of 2,312 billion cubic feet. The total working gas was higher than the five-year historical range.
U.S. natural gas futures slid about 2% on Thursday on signs some drillers were starting to pull more gas out of the ground and worries about the tremendous oversupply of gas still in storage with a bigger than expected storage build last week. Prices declined despite forecasts for higher demand next week than previously expected and as more gas flowed to liquefied natural gas export plants. The U.S. Energy Information Administration said utilities added a bigger-than-expected 84 billion cubic feet of gas into storage during the week ...
Released on Jul 3, 2024 |
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Released on Jun 27, 2024 |
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Released on Jun 21, 2024 |
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Released on Jun 13, 2024 |
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Released on Jun 6, 2024 |
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Released on May 30, 2024 |
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