By Dan MolinskiU.S. government natural-gas data due Thursday are expected to show inventories increased last week by a slightly higher-than-normal amount as LNG exports were steady and cooling demand was close to average for summertime. The average forecast compares with a 35-bcf injection for the same week last year, and a five-year average rise of 45 bcf. The EIA is scheduled to release its natural-gas storage data for the week at 10:30 a.m. EDT Thursday. Natural-gas inventories were below normal throughout most of 2022 due to strong and steady gas-fired heating and cooling demand. These factors created a natural-gas inventory surplus and caused prices in futures markets to drop by 41% year to date, to around $2.626/mmBtu.

Source: Wall Street Journal July 20, 2023 13:08 UTC