US natural gas stocks rise by120 bcf in week ended May 16, says EIA
This story was originally published at 12:24 IST on 23 May 2025
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MUMBAI – Natural gas inventory in the US rose by 120 billion cubic feet in the week ended May 16, according to data from the US Energy Information Administration. The inventory was 3.9% higher than the five-year average for this time of the year, the agency said in its weekly report.
The agency pegged total gas in underground storage at 2.38 trillion cubic feet as of May 16, 12.3% lower than 2.71 trillion cubic feet a year ago. The stocks were 90 billion cubic feet higher than the five-year average of 2.29 trillion cubic feet, the report said.
Total working gas remained within the five-year historical range. All the regions of the US – the east, mid-west, mountain, Pacific, and the Salt and Non-Salt south-central regions – witnessed a rise in inventory. At 1210 IST, the most-active July contract of natural gas on the New York Mercantile Exchange was at $3.68 per million British thermal units, up 1.2% from Thursday's close. End
US$1 = INR 85.66
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Reported by Ashutosh Pati
Edited by Tanima Banerjee
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