Natural Gas Inventory
US natural gas stocks rise by 55 bcf in week ended Sept 27
This story was originally published at 17:59 IST on 4 October 2024
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MUMBAI – Natural gas inventory in the US rose by 55 billion cubic feet in the week ended Sept. 27, according to data from the US Energy Information Administration. The gas inventory was 5.7% higher than the five-year average for this time of the year, the agency said in its weekly report.
The department pegged total gas in underground storage at 3.55 trillion cubic feet as of Sept. 27, 3.7% higher than 3.42 trillion cubic feet a year ago. The stocks were 127 billion cubic feet higher than this time last year and 190 billion cubic feet above the five-year average of 3.35 trillion cubic feet, according to the report.
The east, midwest, mountain, Pacific, and nonsalt south-central regions of the US saw a rise in stocks, while salt south-central region witnessed a fall in inventory, according to the release. At 1635 IST, the most-active November contract of natural gas on the New York Mercantile Exchange was at $2.98 per million British thermal unit, up 0.2% from Thursday's close. End
US$1 = INR 83.97
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Sandeep Sinha
Edited by Tanima Banerjee
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