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Why Natural Gas Inventories Pressured Natural Gas Prices

Gordon Kristopher
Why Natural Gas Inventories Pressured Natural Gas Prices

On May 3, 2018, the EIA released its weekly natural gas storage report. It reported that US natural gas inventories increased by 62 Bcf (billion cubic feet) to 1,343 Bcf between April 20 and April 27. However, inventories declined by 903 Bcf, or 40.2%, year-over-year.