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NATGAS: US Natural Gas Storage Seen Rising 62 Bcf Last Week: Reuters

NATGAS
Energy BulletsBulletPower BulletsCommodities

US natural gas storage likely saw another below-average build of 62 bcf in the week to Sep. 13, according to a Reuters survey.

  • The five-year average for this period is an 80 bcf build on the week. In 2023, stocks also built by 62 bcf over the same period.
  • If correct, that would take US natural gas storage levels to 3,449 bcf, a surplus of around 8.8% over the five-year average. This would be a fall in the surplus from 9.6% the previous week.
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US natural gas storage likely saw another below-average build of 62 bcf in the week to Sep. 13, according to a Reuters survey.

  • The five-year average for this period is an 80 bcf build on the week. In 2023, stocks also built by 62 bcf over the same period.
  • If correct, that would take US natural gas storage levels to 3,449 bcf, a surplus of around 8.8% over the five-year average. This would be a fall in the surplus from 9.6% the previous week.