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Commodities Buzz: EIA Says US Natural Gas Working Stocks Up 129 BCF

7 Oct 2022 , 11:56 AM

The Energy Information Administration (EIA) said natural gas inventories rose by 129 Bcf for the week ending September 30, once again surpassing consensus estimates ahead of the report. The EIA recorded a build of 114 Bcf during the same week a year ago, while the five-year average stood at 87 Bcf. Total working gas in storage rose to 3,106 Bcf, which is 165 Bcf below year-earlier levels and 264 Bcf below the five-year average, EIA said. The EIAs 129 Bcf injection was the third largest injection dating back to 1993. Powered by Commodity Insights

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