Natural Gas Inventories Build

Notable Quotes

"EXXI has a very good mix of high-impact exploration and lower-risk development." (1/31/12) Energy XXI - The Energy Report Interview with Bill Powers More >

"NPK appears to be the lowest-cost potash producer in Brazil." (1/31/12) Verde Potash - Jaret Anderson, Mackie Research More >

"TPL's new oil storage and rail loading facility will initially double production." (1/30/12) Tethys Petroleum Ltd. - Deborah Sterescu, Proactive Investors More >

"CPT continues to derisk Vista." (1/30/12) Coalspur Mines Ltd. - David Charles, GMP Securities More >

"TLH is performing a very aggressive expansion plan." (1/26/12) Talison Lithium Ltd. - The Energy Report Interview with Daniela Desormeaux More >

"LI has really good prospects for the future." (1/26/12) Lithium One Inc. - The Energy Report Interview with Daniela Desormeaux More >

"I think that RM can be a player in the lithium industry." (1/26/12) Rodinia Lithium Inc. - The Energy Report Interview with Daniela Desormeaux More >

"NMX has one of the highest project rankings by our methodology." (1/26/12) Nemaska Lithium Inc. - The Energy Report Interview with Daniela Desormeaux More >

↓ COMMENT
on this article

Source: Associated Press��(7/29/10)

"Stockpiles increased last week but fell 3.1% below year-ago levels."

The government said Thursday that natural gas stockpiles increased last week but fell 3.1% below year-ago levels.

The Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states increased by 28 billion cubic feet to 2.919 trillion cubic feet for the week ended July 23.

The government said the reserves were 8.9% above the five-year average of 2.68 trillion cubic feet.

Analysts expected natural gas stockpiles to increase by 31 billion cubic feet to 35 billion cubic feet for the week ended July 23, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

Natural gas prices rose 10.7 cents to $4.825 per 1,000 cubic feet on the New York Mercantile Exchange.