US natural gas inventories down for second week in row
27/11/2024
Argaam
US natural gas inventories fell by two billion cubic feet (bcf) in the week ended Nov. 22, in line with expectation.
This is considered the second weekly decline in a row.
Total natural gas stocks reached 3.967 trillion cubic feet (tcf), up 3.5%, or approximately 134 bcf, compared to the same period last year, according to data released on Nov. 27 by the US Energy Information Administration (EIA).
Additionally, inventories are 7.2%, or around 267 bcf, above the five-year average (2019-2023) of 3.7 tcf.
|
US Natural Gas Inventories (bcf) |
||||
|
Item |
Last Year |
Last Week |
Current Week |
Weekly Change |
|
Natural Gas |
3833 |
3969 |
3967 |
(2) |
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