Natural Gas Inventories Rise but Heat Wave Could Fuel Strong Demand ...Middle East

U.S. natural gas inventories climbed by 46 billion cubic feet (Bcf) last week, keeping total storage comfortably above seasonal norms. But while the headline number suggests plenty of supply, traders aren’t relaxing just yet — not with record-breaking heat and LNG exports tightening balances beneath the surface. The build for the week ending July 11 brings total working gas in storage to 3,052 Bcf, according to today’s figures provided by the Energy Information Administration. That’s 178 Bcf above the five-year average of…

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