Cold Weather to Blame: Lowest Natural Gas Stocks Since 2014

The stored supply of natural gas in the United States has reached its lowest levels since 2014, according to a report from the Energy Information Administration.

In their recent Weekly Natural Gas Storage Report, the organization says the as of March 31, 2018, 1,351 billion cubic feet (Bcf) had been stored due to colder than normal temperatures in the 2017-18 heating season. This reached its peak in January, when a weekly all-time record was set, according to the organization. Overall, net withdrawals reported for the season reached 2,247 Bcf.

The EIA also predicts that injections into storage for the summer season will be higher than normal. To read more, click here.