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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,643 Bcf as of Friday, May 6, 2022, according to EIA estimates.

This represents a net increase of 76 Bcf from the previous week. Stocks were 376 Bcf less than last year at this time and 312 Bcf below the five-year average of 1,955 Bcf. At 1,643 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,567 Bcf as of Friday, April 29, 2022, according to EIA estimates.

This represents a net increase of 77 Bcf from the previous week. Stocks were 382 Bcf less than last year at this time and 306 Bcf below the five-year average of 1,873 Bcf. At 1,567 Bcf, total working gas is within the five-year historical range.

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DOE EIA WEEKLY GAS STORAGE REPORT

Working gas in storage was 1,490 Bcf as of Friday, April 22, 2022, according to EIA estimates.

This represents a net increase of 40 Bcf from the previous week. Stocks were 406 Bcf less than last year at this time and 305 Bcf below the five-year average of 1,795 Bcf. At 1,490 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,450 Bcf as of Friday, April 15, 2022, according to EIA estimates.

This represents a net increase of 53 Bcf from the previous week. Stocks were 428 Bcf less than last year at this time and 292 Bcf below the five-year average of 1,742 Bcf. At 1,450 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,397 Bcf as of Friday, April 8, 2022, according to EIA estimates.

This represents a net increase of 15 Bcf from the previous week. Stocks were 439 Bcf less than last year at this time and 303 Bcf below the five-year average of 1,700 Bcf. At 1,397 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,382 Bcf as of Friday, April 1, 2022, according to EIA estimates.

This represents a net decrease of 33 Bcf from the previous week. Stocks were 399 Bcf less than last year at this time and 285 Bcf below the five-year average of 1,667 Bcf. At 1,382 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,415 Bcf as of Friday, March 25, 2022, according to EIA estimates.

This represents a net increase of 26 Bcf from the previous week. Stocks were 347 Bcf less than last year at this time and 244 Bcf below the five-year average of 1,659 Bcf. At 1,415 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,389 Bcf as of Friday, March 18, 2022, according to EIA estimates.

This represents a net decrease of 51 Bcf from the previous week. Stocks were 366 Bcf less than last year at this time and 293 Bcf below the five-year average of 1,682 Bcf. At 1,389 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,440 Bcf as of Friday, March 11, 2022, according to EIA estimates.

This represents a net decrease of 79 Bcf from the previous week. Stocks were 344 Bcf less than last year at this time and 304 Bcf below the five-year average of 1,744 Bcf. At 1,440 Bcf, total working gas is within the five-year historical range.

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BP Market Update

It is estimated that the wholesale price of natural gas at “benchmark” Henry Hub will average $3.92 per million British thermal units (MMBtu) in 2022, an eight-year high, and will average $3.60/MMBtu throughout 2023. These spiking prices will put more pressure on drilling and production of Natural Gas.

Events in Ukraine have caused oil prices to skyrocket, The Russian Invasion caused an almost instantaneous global supply shock. Russia is one of the biggest oil producers in the world. As its attacks in Ukraine intensified, traders, shippers and financiers shunned Russian oil, removing much of it from the daily global supply. Roughly 8% of U.S. imports of crude oil and refined products came from Russia last year. For Americans already navigating inflation, the current crisis is likely going to push prices up before they come down.

BP Market Update

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