United States Natural Gas Stocks Change

US utilities added 88 billion cubic feet of gas to storage during the week ending April 18th to 1.934 trillion cubic feet, firmly above market expectations of 65 bcf to mark the sharpest build in nearly one year. The increase in stocks was in line with other reports that record-high gas production in the country coincided with a warmer front in the transition out of the northern winter. Despite the build, stocks still remain 19.8% comparable levels from the previous year and 2.2% below the moving five-year average. Stocks rose the most in the South Central region (+47 bcf) and the Midwest (+23 bcf).