EIA Forecasts Rise in U.S. Working Natural Gas Inventories
SEATTLE (Oil Monster): The latest Short Term Energy Outlook (STEO) Report published by the U.S. Energy Information Administration (EIA) forecasts rise in U.S. working natural gas inventories. The inventories are projected to reach 3,872 billion cubic feet (Bcf) by the end of October. This is 2% higher when compared with the five-year average at that time of the year.
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The research states that throughout the injection season, U.S. natural gas storage levels stayed above average. This year's late April through early June saw a sharp increase in inventories. For the first time since 2014, it documented seven weeks in a row with net injections to inventories over 100 Bcf each.
At the beginning of the 2025 injection season, the EIA observed that natural gas output exceeded demand. It is important to remember that the injection season typically lasts from April to October.
The South, Midwest, and East regions were the primary contributors to the increase in storage volumes. According to the EIA, the inventory in the South Central region will continue to be higher than the five-year average through October, bringing the injection season to a close at its highest level since 2016. All other regions' inventories, meanwhile, are predicted to round out the season close to their five-year average levels.