Weekly Natural Gas Storage Update

In a recent report published by the Energy Information Administration (EIA), the United States has witnessed a notable increase in natural gas inventories. The working gas storage rose by 16 billion cubic feet (Bcf), reaching a total of 1,846 Bcf for the week ending April 11.

Yearly and Five-Year Average Comparison

Despite the weekly rise, the current stocks show a decline of 480 Bcf compared to the same period last year. Additionally, the figures remain 74 Bcf below the five-year average of 1,920 Bcf. However, the total working gas stays within the five-year historical range, indicating a stable but slightly below-average storage level.