Weekly Natural Gas Storage Update

In a recent report by the Energy Information Administration (EIA), it was revealed that the United States has witnessed a notable increase in natural gas storage. The working gas storage rose by 16 billion cubic feet (Bcf) in the week ending April 11, bringing the total to 1,846 Bcf.

Comparative Analysis

Despite this weekly rise, the current stocks show a decline of 480 Bcf compared to the same period last year. Furthermore, the stocks are 74 Bcf below the five-year average of 1,920 Bcf. However, the total working gas remains within the five-year historical range, indicating a stable yet fluctuating market.