U.S. Natural Gas Extends Gains as Storage Meets Expectations -- Market Talk

Dow Jones

2025/05/02

1429 ET - U.S. natural gas inventories increased by 107 billion cubic feet last week to 2,041 Bcf, turning a deficit against the five-year average to a 5 Bcf surplus, EIA data show. The bigger-than-average increase, due in large part to mild spring weather curbing demand, was in line with the 106 Bcf estimate in a Wall Street Journal survey of analysts. The injection season got off to an early start this year thanks to mild March weather, eliminating a 230 Bcf storage deficit in seven weeks. Nymex futures extend gains following release of the EIA report, which was delayed for several hours. Gas for June delivery is up 6% at $3.526/mmBtu. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

May 01, 2025 14:29 ET (18:29 GMT)

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The bigger-than-average increase, due in large part to mild spring weather curbing demand, was in line with the 106 Bcf estimate in a Wall Street Journal survey of analysts. The injection season got off to an early start this year thanks to mild March weather, eliminating a 230 Bcf storage deficit in seven weeks. Nymex futures extend gains following release of the EIA report, which was delayed for several hours. Gas for June delivery is up 6% at $3.526/mmBtu. 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The bigger-than-average increase, due in large part to mild spring weather curbing demand, was in line with the 106 Bcf estimate in a Wall Street Journal survey of analysts. The injection season got off to an early start this year thanks to mild March weather, eliminating a 230 Bcf storage deficit in seven weeks. Nymex futures extend gains following release of the EIA report, which was delayed for several hours. Gas for June delivery is up 6% at $3.526/mmBtu. (anthony.harrup@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2025 14:29 ET (18:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}