USA: Natural Gas Storage Rises Further on Season Swing.

US utilities and energy companies added 50 billion cubic feed of natural gas to storages to 1.911 trillion cubic feet on the week that ended April 3rd, loosely in line with the median market consensus of a 46 bcf increase, and consolidating the start of the building season. The increase was in line with the surging domestic production levels from recent quarters, buffering US gas prices and consumption from the ongoing global LNG shock as Iranian attacks on Qatari gas facilities and threats to LNG tankers in the Persian Gulf hampered global flows. US stocks were 4.9% above the corresponding period of the previous year, and 4.8% above the current five-year average.