Commodities Buzz: US natural gas inventory 7% above five-year average says EIA

The US EIA, in its latest Short-Term Energy Outlook, forecast U.S. working natural gas inventories will reach 3,872 billion cubic feet (Bcf) by the end of October, or 2% more than the previous five-year average for that time of year. Natural gas inventories grew quickly in late April through early June, with seven consecutive weeks of net injections to inventories exceeding 100 Bcf each for the first time since 2014. U.S. natural gas production outpaced natural gas consumption during the start of the 2025 injection season. The injection season generally runs from April through October, when injections into storage are typically greater than withdrawals. The latest data from our Weekly Natural Gas Storage Report show total natural gas inventory was 7% above the five-year (2020–24) average as of August 8, compared with the start of this injection season, when it was 4% below average for the week ending March 28.

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