USA: Natural Gas Stocks Extend Build.

US energy firms injected 101 billion cubic feet of natural gas into storage to 2.29 trillion cubic feet on the week that ended May 15th, slightly above market expectations of a 95 bcf build. The elevated sharp build took place despite strong demand for US liquified natural gas from consumers in Europe and Asia, as the US and Iran conflict blockaded LNG tankers from leaving the Persian Gulf with cargoes. Stocks were 1.4% above comparable periods of the previous year, and 6.6% above the current five-year average.