(Finance) – Weekly gas stocks in the USA are increasing more than expected. According to the Energy Information Administration (EIA), a division of the US Department of Energy, gas storage in the week ending November 1, 2024 increased by 69 BCF (billion cubic feet).
The figure turns out to be higher than the consensus (+67 BCF).
Total inventories therefore reached 3,932 billion cubic feet, an increase of 4.2% compared to a year ago (when they were equal to 3,775) and an increase of 5.8% compared to the average of the last five years of 3,717 BCF.