According to our analysis natural gas moved 17 ticks on DOE Natural Gas Storage Report data on 15 May 2025.
Natural gas (19 ticks)
Charts are exported from JForex (Dukascopy).
U.S. Natural Gas Storage Sees Strong Build Amid Seasonal Demand Shifts
Published: May 16, 2025
The latest report from the U.S. Energy Information Administration (EIA) reveals a significant weekly injection into underground natural gas storage, marking an important trend as the industry transitions from the heating season toward summer cooling demand.
Key Highlights
Total U.S. working gas in storage: 2,255 billion cubic feet (Bcf)
Weekly change: +110 Bcf
Compared to one year ago: 375 Bcf lower
Compared to five-year average (2020–2024): 57 Bcf higher
This 110 Bcf net injection reflects robust storage activity, exceeding typical mid-May seasonal expectations. Despite being significantly below last year’s levels, total inventories are now 2.6% above the five-year average, providing some cushion ahead of the peak summer demand season.
What This Means for the Market
Natural gas prices may remain relatively stable or even soften in the short term due to this above-average injection and healthy storage buffer. However, the year-over-year deficit—particularly in major demand regions like the East and Midwest—could become a concern if summer heat drives stronger cooling-related demand or if supply disruptions occur.
The market will also be closely watching for shifts in LNG export volumes, production growth from shale regions, and any early-season heat waves, all of which could influence injection rates in the coming months.
A Closer Look at Historical Context
Year-Ago Storage (May 9, 2024): 2,630 Bcf
Five-Year Average: 2,198 Bcf
Current Storage: 2,255 Bcf
Despite being well below last year’s unusually high levels, current stocks remain comfortably within the historical range, as noted in the EIA's shaded graph data.
Final Thoughts
As we progress further into the 2025 injection season, the pace of storage builds and demand pressures from the power generation sector will be critical indicators for summer gas market dynamics. This week’s data suggests solid fundamentals, but with a lingering note of caution due to year-over-year deficits.
Stay tuned for the next release on May 22, 2025, which will offer further insights into how the storage trend is shaping up ahead of the high-demand summer period.
Disclaimer: This blog post is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider seeking advice from a financial professional before making any investment decisions.
Source: https://ir.eia.gov/ngs/ngs.html
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