The anticipated injection falls below the 75 Bcf average typically recorded for this time of year between 2021 and 2025. Should these estimates hold, the existing surplus over the five-year average will shrink to 146 Bcf, down from 151 Bcf in the previous week. Current stock levels remain 55 Bcf below where they stood at this same point last year.
In section Market Quotes
U.S. Natural Gas Stocks Face Slimmer Seasonal Build
A 70 billion-cubic-foot increase in U.S. natural gas inventories is expected for the week ending June 19, according to a survey of 11 analysts. This projected rise would push total underground storage to 2,829 Bcf, marking a slight deceleration in the pace of stockpile accumulation compared to historical averages.
Energy analysts provided estimates ranging from 64 Bcf to 83 Bcf, reflecting the volatility inherent in seasonal energy demand. As the U.S. moves deeper into summer, high temperatures drive increased electricity consumption for air conditioning, which limits the amount of gas diverted into storage. The Energy Information Administration will provide the definitive figures on Thursday at 10:30 a.m. EDT.
Comments (0)
No comments yet. Be the first!