Ing Natural Gas Storage Rises

Ing Natural Gas Storage Rises by Emily Clark last updated on April 13, 2025

Increase In Us Natural Gas Storage - Ing

According to the ING, an increase was seen in the US natural gas storage. Meanwhile, the prices of US natural gas remain under pressure.

The weakness in prices has also allowed the USA to inject more natural gas into its inventory. ING added that the mixed weather forecast is a major reason for weaker natural gas prices.

Oil &Amp;Amp; Natural Gas Remains Weak

The recent report from EIA (Energy Information Administration) has also revealed a 37 bcf increase in natural gas storage. The forecast was only citing an increase of 32 bcf.

Another interesting fact is that the 5-year average showed a 31 bcf decline during this time of the year. This means the US is only taking advantage of the lower prices to build up its reserves.

The total gas stockpiles are currently hovering around 1.73 tcf, a 24.2% decrease year over year. Similarly, the average of the last five years shows a 6.5% decline.

ING added that the oil prices also remain mostly unchanged in the short-term. They believe that markets are playing it safe due to the increase in supply and softer demand.

The OPEC+ is expected to bring an increase to the oil idled production, while the output cuts will start by the year 2026. So, we can expect more weakness in the oil prices during the year 2025.

Meanwhile, some OPEC members have agreed to cut their output rate. They will do so to compensate for their higher output earlier. According to experts, these cuts from OPEC will be helpful in bringing balance to the markets.

It will also help to offer some support to the oil prices. However, the shift towards green energy is a trend that's picking up pace across the world.

So, the long term forecast for both the gold and the natural gas shows more downside in the coming years.