US gas storage stocks drop below 2025 levels after a bullish EIA report

The US Energy Information Administration reported June 4 a lower-than-expected weekly addition to natural gas storage inventories, reducing the surplus relative to the five-year average and sending stocks below 2025 levels. US natural gas inventories climbed by 95 billion cubic feet in the week ended May 29, the EIA said. The reported injection was 4 Bcf below the consensus estimate of 99 Bcf inThe US Energy Information Administration reported June 4 a lower-than-expected weekly addition to natural gas storage inventories, reducing the surplus relative to the five-year average and sending stocks below 2025 levels. US natural gas inventories climbed by 95 billion cubic feet in the week ended May 29, the EIA said. The reported injection was 4 Bcf below the consensus estimate of 99 Bcf inRead More