(Finance) – Weekly gas storage in the US increases less than expected.
According to the‘Energy Information Administration (EIA), a division of the U.S. Department of Energy, gas storage in the week ended September 20, 2024 increased by 47 BCF (billion cubic feet).
The data is revealed lower than consensus (+52 BCF). The previous week had seen an increase of 58 BCF.
The total stocks They thus reached 3,492 billion cubic feet, an increase of 4.8% compared to a year ago (when they were equal to 3,333) and an increase of 7.1% compared to the average of the last five years of 3,259 BCF.