US natural gas storage fields injected well below the five-year average for the week ended April 23 as cooler weather prompted a net withdrawal from the East region, Energy Information Administration data showed April 29. Storage inventories increased 15 Bcf to 1.898 Tcf for the week-ended April 23, EIA data showed. The build was more than the 9 Bcf addition expected by an S&P Global Platts survey of analysts, but measured well below the five-year average build of 67 Bcf, according to EIA data. Storage volumes now stand 302 Bcf, or 13.87%, less than the year-ago level of 2.200 Tcf and 40 Bcf, or 2.1%, less than the five-year average of 1.938 Tcf. The Midwest and Northeast drove a large share of the demand gains and on certain days inventories flipped to a net withdrawal, according to […]