US natural gas storage rises 33 bcf, topping 31 bcf expectations

The weekly injection lifted stockpiles to 3.117 trillion cubic feet, leaving inventories 0.4% below year-ago levels but 6.7% above the five-year average for the week.

Summary

US energy firms added 33 billion cubic feet of natural gas to storage in the week ending July 31, exceeding market expectations for a 31 bcf build. The injection, a measure of gas added to underground inventories, was higher than the 13 bcf increase recorded in the same week a year ago and above the five-year average gain of 23 bcf for that week over 2021-2025. Total stockpiles rose to 3.117 trillion cubic feet, standing 0.4% below the same week last year and about 6.7% above the five-year average for the period. In the previous week ended July 24, energy firms added 28 bcf into storage.

Terms & Concepts
  • bcf: Billion cubic feet, a natural gas volume unit
  • injection: Gas added to storage inventories
  • stockpiles: Stored gas inventories held underground