By Anthony Harrup
U.S. natural gas inventories likely rose by more than usual last week, increasing the storage surplus over the five-year average as mild spring weather in much of the U.S. curbed demand for the fuel.
Gas in underground storage is expected to have increased by 116 billion cubic feet to 2,371 Bcf in the week ended May 16, according to the average estimate of 11 analysts, brokers and traders surveyed by The Wall Street Journal. Estimates range from an injection of 108 Bcf to an injection of 130 Bcf.
It would be the fourth consecutive triple-digit inventory build, and the largest so far of the 2025 injection season.
The expected increase is larger than the 87 Bcf five-year average for the week, and would raise the surplus over the average to 86 Bcf from 57 Bcf the week before. It would also narrow the deficit against the year-earlier level to 337 Bcf from 375 Bcf.
The U.S. Energy Information Administration is schedule to report natural gas storage on Thursday at 10:30 a.m. EDT.
Write to Anthony Harrup at anthony.harrup@wsj.com
(END) Dow Jones Newswires
May 21, 2025 13:04 ET (17:04 GMT)
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