US natural gas storage fields injected 115 Bcf for the week ended May 21 — much more than expected — prompting Henry Hub futures to decline across the board May 27. Storage inventories increased to 2.215 Tcf over the latest reporting week, US Energy Information Administration data showed. The build proved greater than the 107 Bcf addition expected by an S&P Global Platts’ survey of analysts. It was outside the range of expectations as responses to the survey ranged from a 94 to 112 Bcf injection. It was also above the five-year average of 91 Bcf, according to EIA data. It marked the first time in a month the injection was more than the average. Strong export demand and tepid production levels had resulted in an underwhelming injection season thus far. US supply and demand fundamentals showed […]