Commodities Buzz: US Natural Gas Inventories Up 97 Billion Cubic Feet Says EIA

10 Jun 2022 , 01:27 PM

The EIA natural gas inventory in the United States increased by 97 billion cubic feet in the week to June 3, the largest increase since the week of October 1, 2021. As a result, US working gas inventories climbed to 1.999 Tcf, while the shortfall to 2021 widened to 398 Bcf, leaving stocks about 17% below the year-ago level of 2.397 Tcf. The inventory deficit to the prior five-year average also expanded to its widest yet this season, pushing stocks to 340 Bcf, or almost 15%, below the historical average of 2.339 Tcf. Powered by Commodity Insights