Weekly Natural Gas Storage Update

In the latest report from the Energy Information Administration (EIA), it was revealed that the United States has seen an increase of 9 billion cubic feet (Bcf) in natural gas storage for the week ending March 14. This marks a significant change from the previous week, showcasing the dynamic nature of natural gas reserves.

Year-over-Year Comparison

When compared to the same period last year, natural gas stocks have decreased by 624 Bcf. Furthermore, the current stocks are 190 Bcf below the five-year average of 1,897 Bcf. Despite these fluctuations, the total working gas storage remains within the five-year average range, indicating a stable but cautious outlook for natural gas reserves.