The anticipated storage rise, drawn from a survey of 12 industry analysts and traders, reflects a build lower than the typical five-year average of 77 billion cubic feet. Estimates among market participants vary, ranging from a low of 63 billion to a high of 79 billion cubic feet. Should the average estimate hold, total underground storage will reach 3,714 billion cubic feet.
In section Market Quotes
U.S. Natural Gas Stocks Poised for Smaller Seasonal Build
A projected 70-billion-cubic-foot increase in U.S. natural gas inventories for the week ending October 23 points to a tightening market as the injection season nears its conclusion. If confirmed by official data, this build would pull the national surplus closer to its five-year average, signaling a shift in supply dynamics.
This trend would shrink the current inventory surplus over the 2021-2025 average from 35 billion to 28 billion cubic feet. While the traditional injection window spans from April through October, storage levels often continue to climb into early November. The Energy Information Administration is set to publish the definitive figures this Thursday at 10:30 a.m. EDT.
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