The estimate, drawn from a survey of 11 analysts, brokers, and traders, anticipates a range between 40 and 62 billion cubic feet. If realized, this build aligns with the five-year average for the period, pushing total stocks to 2,973 billion cubic feet. This volume sits 175 billion cubic feet above the 2021-2025 norm, highlighting a market that remains well-supplied despite seasonal volatility.
In section Market Quotes
Natural Gas Inventories Poised for Mid-Summer Build
A persistent heat wave across the United States is pulling natural gas into power plants to feed air-conditioning demand, yet market watchers expect a standard 51 billion-cubic-foot injection into storage for the week ended July 3, balancing the intense cooling load against steady supply.
Looking toward the end of the injection season, the U.S. Energy Information Administration projects that storage levels will remain 5% above the five-year average by October. This surplus is largely sustained by record-setting production, particularly from the Permian region, which continues to offset the surge in power-sector consumption. The official storage figures are due for release on Thursday at 10:30 a.m. ET.
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