S!ayer on Nostr: This will decline fast as Europe requires gas. US will sell reserves. I'm expecting ...

This will decline fast as Europe requires gas. US will sell reserves. I'm expecting higher gas prices jn the medium term.

quoting
nevent1q…3rkh

U.S. natural gas inventory net change of +74 Bcf for week ended June 7 - EIA (NG1:COM)
==========

The U.S. natural gas inventory for the week ended June 7, 2024, had a net change of +74 Bcf, according to the Energy Information Administration (EIA). This is compared to a net change of +98 Bcf for the previous week. The consensus estimate for the net change was +75 Bcf. The current stock level is 2,974 Bcf, which is 364 Bcf higher than the same time last year and 573 Bcf above the five-year average of 2,401 Bcf. The total working gas is above the five-year historical range. The information was reported by Ahmed Farhath and Rangsarit Chaiyakun on Seeking Alpha.

#NaturalGas #Inventory #Eia #Energy

https://seekingalpha.com/news/4115662-us-natural-gas-inventory-net-change-of-74-bcf-for-week-ended-june-7-eia