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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