Natural gas rose to 3.36 USD/MMBtu on July 11, 2025, up 0.58% from the previous day. Over the past month, Natural gas's price has fallen 3.89%, but it is still 44.10% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on July of 2025.

Working gas held in storage facilities in the United States increased by 53 billion cubic feet in the week ending July 4 of 2025 . This dataset provides the latest reported value for - United States Natural Gas Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

China Industrial Inventory: Petroleum & Natural Gas data was reported at 26.230 RMB bn in Sep 2018. This records a decrease from the previous number of 26.240 RMB bn for Aug 2018. China Industrial Inventory: Petroleum & Natural Gas data is updated monthly, averaging 28.460 RMB bn from Jan 2012 (Median) to Sep 2018, with 81 observations. The data reached an all-time high of 34.390 RMB bn in Nov 2013 and a record low of 20.340 RMB bn in Dec 2017. China Industrial Inventory: Petroleum & Natural Gas data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BC: Inventory: by Industry.

Japan Inventory: Natural Gas data was reported at 215.152 Cub m mn in May 2018. This records an increase from the previous number of 212.934 Cub m mn for Apr 2018. Japan Inventory: Natural Gas data is updated monthly, averaging 227.322 Cub m mn from Mar 1998 (Median) to May 2018, with 243 observations. The data reached an all-time high of 258.888 Cub m mn in Jun 2016 and a record low of 144.000 Cub m mn in Oct 1998. Japan Inventory: Natural Gas data remains active status in CEIC and is reported by Ministry of Economy, Trade and Industry. The data is categorized under Global Database’s Japan – Table JP.RB006: Energy Inventory and Shipment.

Market Overview The global Gas Inventory Management market size, valued at USD XX million in 2025, is projected to expand at a CAGR of XX% during the forecast period of 2025-2033. Growth is driven by increasing gas demand, rising awareness of inventory optimization, and advancements in technology. Major trends include automation, real-time data analysis, and predictive analytics, providing businesses with greater visibility and control over their gas inventory. Market Segments The market is segmented by type (Periodic Inventory System, Perpetual Inventory, Stock Locator Database, Grid Coordinating Numbering System) and application (Asset Tracking, Product Differentiation, Service Management, Inventory Optimization). Key companies operating in the market include Zoho Inventory, Vyapar, Oracle NetSuite ERP, AlignBooks, Horizon ERP, DataCo, Greasebook, Orion ERP. Regionally, North America dominates with the largest market share, followed by Europe and Asia Pacific. Gas Inventory Management solutions are expected to gain significant traction in emerging markets due to increasing industrialization and urbanization, driving further market growth in the coming years. Gas inventory management is a crucial aspect of the natural gas industry, ensuring that accurate and up-to-date information on gas reserves, production, and consumption is available. This report provides a comprehensive overview of the gas inventory management market, covering key industry trends, challenges, and growth opportunities.

A. SUMMARY The Municipal Natural Gas Equipment Inventory serves to catalog natural gas-fueled equipment used in municipally owned buildings. This inventory, implemented by the SF Environment Department, aims to establish an understanding of the scope of work needed to electrify municipal buildings and inform an effective and collaborative planning process. This effort was identified as an action in Section BO-2.4 of the 2021 Climate Action Plan and is included in the Environment Code Chapter 7 (Municipal Green Building Requirements).

B. HOW THE DATASET IS CREATED The list of buildings required to report data for the Municipal Natural Gas Equipment Inventory was compiled by cross-referencing the City’s Facility Systems of Record and the 2020 municipal benchmarking report to identify all city-owned buildings with non-zero carbon emissions. Numerous municipal buildings are exempt from these reporting requirements, including facilities of the Port of San Francisco and buildings with a primary purpose of providing collection, storage, treatment, delivery, distribution, and/or transmission of water, wastewater, and/or power utilities. Each department received an inventory template, provided by the Environment Department, to submit high level building data and detailed information on each piece of natural gas equipment in use in these buildings. Departments were asked to self-report the required building and equipment data over the course of a 6-month data collection period in 2023 and are asked to keep this inventory up to date in the following years as equipment is replaced.

C. UPDATE PROCESS The inventory will be regularly updated by department representatives via the inventory PowerApp. When a gas-powered equipment item is retired or replaced, departments are asked to mark it as no longer in use and provide information on any electric replacement equipment, if applicable. While departments have the flexibility to update the inventory at any time, they are encouraged to do so at 6 month intervals at the minimum.

Updated inventory data will be automatically reflected in this dataset.

D. HOW TO USE THIS DATASET It is important to note that this dataset does not include facilities of the Port of San Francisco and buildings with a primary purpose of providing collection, storage, treatment, delivery, distribution, and/or transmission of water, wastewater, and/or power utilities, in accordance with Environment Code Chapter 7 exemptions.

Natural gas storage opening and closing inventories, injections, withdrawals and adjustments reported in gigajoules and cubic metres, monthly, January 2016 to present.

Taiwan Energy Inventory: Change: Natural Gas data was reported at 53.530 KLOE th in Oct 2018. This records an increase from the previous number of -220.709 KLOE th for Sep 2018. Taiwan Energy Inventory: Change: Natural Gas data is updated monthly, averaging 14.356 KLOE th from Jan 1982 (Median) to Oct 2018, with 442 observations. The data reached an all-time high of 258.718 KLOE th in Dec 2004 and a record low of -220.709 KLOE th in Sep 2018. Taiwan Energy Inventory: Change: Natural Gas data remains active status in CEIC and is reported by Bureau of Energy, Ministry of Economic Affairs. The data is categorized under Global Database’s Taiwan – Table TW.RB001: Energy Supply: Bureau of Energy, Ministry of Economic Affairs.

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Oil And Gas Storage Service Market Size 2025-2029

The oil and gas storage service market size is forecast to increase by USD 4.62 billion, at a CAGR of 5.6% between 2024 and 2029.

The market is driven by the increasing global demand for oil and gas, necessitating the expansion of storage capacity to accommodate growing inventories. A notable trend in the market is the adoption of solidification technology for natural gas storage, enabling the efficient and safe storage of large volumes of natural gas. However, the market faces challenges due to the volatility in oil and gas prices, which can impact the profitability of storage projects. Natural gas and crude oil storage systems enable power plants to maintain a steady supply of fuel during peak load periods and unexpected outages. Companies specializing in oil and gas tank storage, LNG storage and regasification, and CNG storage are actively seeking innovative solutions to optimize their operations and mitigate the risks associated with price fluctuations.
Additionally, the development of floating storage and regasification units (FSRUs) offers opportunities for expansion into new markets and the provision of flexible storage solutions to meet the evolving energy demands of industries and consumers. In the power sector, oil and gas storage solutions are indispensable for peaking and backup power generation.

What will be the Size of the Oil And Gas Storage Service Market during the forecast period?

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The market encompasses various solutions, including asset management, underground and above-ground storage options, and cryogenic storage. Technology adoption in this sector is on the rise, with digital twins and advanced safety systems, such as pressure relief valves, explosion protection, and flame arrestors, becoming increasingly common. Compliance auditing and environmental permitting are crucial aspects of the market, ensuring adherence to safety performance metrics and environmental performance metrics. Storage capacity planning is essential for operational efficiency, with demand forecasting and vapor pressure control playing significant roles. Cost optimization is a key trend, driving the use of inventory turnover, safety training, and emergency drills.
Hazard analysis and gas detection are integral components of safety performance, while rupture disks and salt cavern storage offer enhanced safety and cost benefits. Market players focus on optimization and efficiency, with technology advancements in storage utilization rates and operational efficiency. Regulatory compliance and safety remain top priorities, with ongoing efforts to improve safety performance metrics and environmental performance metrics. 

How is this Oil And Gas Storage Service Industry segmented?

The oil and gas storage service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Power plants
  Oil refineries
  Chemical plants
  LNG storage facilities


Service

  Storage services
  Ancillary services


Type

  Underground storage
  Aboveground storage


Geography

  North America

    US
    Canada


  Europe

    Russia


  Middle East and Africa

    Iran
    Qatar
    UAE


  APAC

    China
    India
    Singapore


  Rest of World (ROW)

By Application Insights

The power plants segment is estimated to witness significant growth during the forecast period. The market encompasses a range of essential solutions for pipeline infrastructure, terminal operations, and power plants. Pipeline infrastructure necessitates tank coatings, temperature monitoring, and leak detection systems to ensure the safe and efficient transportation of oil and natural gas. Terminal operations rely on railcar loading, level monitoring, and inventory management to facilitate the transfer of petroleum products between various modes of transportation. Data security is a growing concern, as digitalization increases the need for robust cybersecurity measures.

These facilities incorporate advanced technologies such as artificial intelligence (AI), big data analytics, and remote monitoring to optimize capacity utilization and improve energy efficiency. Environmental protection is a critical concern in the oil and gas storage industry, with fire suppression systems, vapor recovery systems, and corrosion control measures ensuring safety and minimizing the carbon footprint. Logistics and transportation, including marine loading and third-party logistics, streamline the movement of petroleum products and facilitate just-in-time delivery. Storage tank maintenance, tank cleaning, and risk management practices ensure the longevity and safety of storage facilities. Digital transformation and SCADA syst

China Petroleum & Natural Gas: Inventory: Finished Product data was reported at 9.770 RMB bn in May 2018. This records a decrease from the previous number of 9.950 RMB bn for Apr 2018. China Petroleum & Natural Gas: Inventory: Finished Product data is updated monthly, averaging 9.490 RMB bn from Mar 1999 (Median) to May 2018, with 207 observations. The data reached an all-time high of 15.986 RMB bn in Nov 2009 and a record low of 3.800 RMB bn in Dec 2003. China Petroleum & Natural Gas: Inventory: Finished Product data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.BGE: Petroleum and Natural Gas.

Gas Inventory Management Market Outlook

The global gas inventory management market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach around USD 2.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.5% during the forecast period. The robust growth of this market is influenced by the increasing need for efficient inventory management systems in the gas industry, which ensures safety, optimizes storage, and minimizes losses.

The rise in demand for gas inventory management systems is driven by the growing adoption of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing. These technologies enable real-time monitoring and management of gas inventories, enhancing operational efficiency and reducing the risk of accidents. Additionally, stringent government regulations on gas storage and transportation are compelling companies to invest in reliable inventory management solutions.

Moreover, the expansion of the gas industry, particularly in emerging economies, is creating significant growth opportunities. The surge in urbanization and industrialization is leading to an increased consumption of gas in various sectors, including manufacturing, utilities, and chemicals. This, in turn, is augmenting the need for sophisticated inventory management systems to handle the growing volume of gas and ensure its safe and efficient distribution.

Another pivotal growth factor is the increasing awareness about the environmental impact of gas losses and emissions. Companies are actively seeking ways to minimize their carbon footprint, and advanced gas inventory management systems facilitate better control and monitoring of gas flows, thereby reducing wastage and emissions. The integration of these systems with sustainability goals is expected to further propel market growth.

Regionally, North America held the largest market share in 2023, primarily due to the presence of major gas producers and the high adoption rate of advanced technologies. However, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period, fueled by rapid industrialization, increasing energy demand, and infrastructure development in countries like China and India.

Component Analysis

The gas inventory management market is segmented by component into software, hardware, and services. The software segment is expected to dominate the market, driven by the increasing need for advanced software solutions that provide real-time data analytics, monitoring, and control of gas inventories. These software solutions offer features like predictive maintenance, automated reporting, and integration with other enterprise systems, enhancing overall operational efficiency.

Hardware components, including sensors, meters, and communication devices, are also crucial for the effective functioning of inventory management systems. The demand for robust and reliable hardware is growing, as these components play a vital role in capturing accurate data and ensuring the seamless operation of the entire system. The hardware segment is expected to witness steady growth, supported by technological advancements and the increasing adoption of IoT devices.

The services segment encompasses consulting, installation, maintenance, and training services. As companies seek to optimize their gas inventory management systems, the demand for professional services is on the rise. These services ensure the proper implementation and functioning of the systems, thereby maximizing their benefits. The services segment is projected to grow significantly, driven by the need for ongoing support and expertise in managing complex inventory solutions.

Moreover, the integration of Artificial Intelligence and machine learning in gas inventory management software is creating new avenues for market growth. AI-powered solutions can predict demand patterns, optimize storage, and enhance decision-making processes. This integration is expected to drive the adoption of advanced software solutions, further boosting the growth of the software segment.

Report Scope

Anhui: Natural Gas: Supply: Inventory data was reported at -113.000 Cub m mn in 2006. Anhui: Natural Gas: Supply: Inventory data is updated yearly, averaging -113.000 Cub m mn from Dec 2006 (Median) to 2006, with 1 observations. The data reached an all-time high of -113.000 Cub m mn in 2006 and a record low of -113.000 Cub m mn in 2006. Anhui: Natural Gas: Supply: Inventory data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBL: Natural Gas Balance Sheet: Anhui.

Jiangxi: Natural Gas: Supply: Inventory data was reported at 3.000 Cub m mn in 2020. This records an increase from the previous number of -1.000 Cub m mn for 2019. Jiangxi: Natural Gas: Supply: Inventory data is updated yearly, averaging 0.500 Cub m mn from Dec 2015 (Median) to 2020, with 6 observations. The data reached an all-time high of 3.000 Cub m mn in 2020 and a record low of -3.000 Cub m mn in 2016. Jiangxi: Natural Gas: Supply: Inventory data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBL: Natural Gas Balance Sheet: Jiangxi.

China Natural Gas: Supply: Changes in Inventory data was reported at 0.000 Cub m mn in 1999. This stayed constant from the previous number of 0.000 Cub m mn for 1998. China Natural Gas: Supply: Changes in Inventory data is updated yearly, averaging 0.000 Cub m mn from Dec 1998 (Median) to 1999, with 2 observations. The data reached an all-time high of 0.000 Cub m mn in 1999 and a record low of 0.000 Cub m mn in 1999. China Natural Gas: Supply: Changes in Inventory data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBC: Natural Gas Balance Sheet.

Gas storage operators are facing increased and more complex responsibilities for managing storage operations under Order 636 which requires unbundling of storage from other pipeline services. Low cost methods that improve the accuracy of inventory verification are needed to optimally manage this stored natural gas. Migration of injected gas out of the storage reservoir has not been well documented by industry. The first portion of this study addressed the scope of unaccounted for gas which may have been due to migration. The volume range was estimated from available databases and reported on an aggregate basis. Information on working gas, base gas, operating capacity, injection and withdrawal volumes, current and non-current revenues, gas losses, storage field demographics and reservoir types is contained among the FERC Form 2, EIA Form 191, AGA and FERC Jurisdictional databases. The key elements of this study show that gas migration can result if reservoir limits have not been properly identified, gas migration can occur in formation with extremely low permeability (0.001 md), horizontal wellbores can reduce gas migration losses and over-pressuring (unintentionally) storage reservoirs by reinjecting working gas over a shorter time period may increase gas migration effects.

The gas inventory management market is experiencing robust growth, driven by increasing demand for efficient inventory tracking and management solutions within the energy sector. The market size in 2025 is estimated at $1.5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033. This growth is fueled by several key factors, including the rising adoption of digital technologies like cloud-based solutions and the Internet of Things (IoT) for real-time inventory monitoring and optimization. Stringent regulatory compliance requirements related to gas handling and safety are also contributing to market expansion, as companies invest in sophisticated inventory management systems to ensure adherence to these regulations. Furthermore, the growing emphasis on supply chain optimization and reducing operational costs is driving the adoption of advanced inventory management systems that provide better visibility and control over gas inventory levels. The market is segmented by deployment type (on-premise, cloud), by application (liquefied petroleum gas (LPG), natural gas), and by end-user (commercial, industrial, residential). Key players such as Zoho Inventory, Vyapar, and Oracle NetSuite ERP are shaping the market landscape through their advanced offerings and continuous innovation. The forecast period (2025-2033) promises further expansion, with a projected market value exceeding $2.8 billion by 2033. However, potential restraints such as high initial investment costs for implementing new systems and the need for skilled personnel to manage these complex technologies could partially temper growth. Despite these challenges, the overall market outlook remains positive, fueled by ongoing technological advancements, increasing regulatory pressures, and the growing demand for efficient and cost-effective inventory management solutions within the global gas industry. The continued adoption of cloud-based solutions and integration with other business processes is expected to drive significant market growth during this period.

The United Kingdom's natural gas storage amounted to some **** terawatts hour (TWh) on July 1, 2025, accounting for ***** percent of technical storing capacity. The UK's quarterly gas storage volume reached a peak in January 2021, with some 13.25 TWh of natural gas in supply, the highest figure registered since 2012. Nevertheless, storage capacities in the UK are notably lower than in other European countries.

The global inventory management market within the oil and gas sector is experiencing robust growth, driven by the increasing need for efficient operations, enhanced supply chain visibility, and stringent regulatory compliance. The market, estimated at $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033, reaching approximately $28 billion by 2033. This expansion is fueled by several key factors: the escalating demand for real-time inventory tracking to minimize losses and optimize resource allocation; the adoption of advanced technologies like IoT sensors and AI-powered analytics for predictive inventory management; and the growing focus on sustainability and reducing environmental impact through precise inventory control. Furthermore, the increasing complexity of oil and gas operations, coupled with the fluctuating prices of crude oil and natural gas, necessitates robust inventory management systems to ensure cost-effectiveness and operational resilience. The market is segmented by application (asset tracking, product differentiation, service management, inventory optimization) and by type of inventory system (periodic, perpetual, stock locator database, grid coordinating numbering system). Leading players include Zoho Inventory, Vyapar, Oracle NetSuite ERP, and others, competing on features, scalability, and integration capabilities. Geographic expansion is also a significant driver, with North America and Europe currently holding the largest market shares. However, the Asia-Pacific region, particularly China and India, is poised for substantial growth due to increasing investments in oil and gas infrastructure and the rising adoption of digital technologies. While the market faces challenges such as high initial investment costs for advanced systems and the need for skilled personnel to manage and maintain these systems, the overall growth trajectory remains positive, propelled by the inherent demand for efficient and transparent inventory management within the oil and gas industry. Further growth is anticipated from increasing government regulations and industry standards concerning environmental protection and safety.

A. SUMMARY The Municipal Natural Gas Equipment Inventory serves to catalog natural gas-fueled equipment used in municipally owned buildings. This inventory, implemented by the SF Environment Department, aims to establish an understanding of the scope of work needed to electrify municipal buildings and inform an effective and collaborative planning process. This effort was identified as an action in Section BO-2.4 of the 2021 Climate Action Plan and is included in the Environment Code Chapter 7 (Municipal Green Building Requirements). B. HOW THE DATASET IS CREATED The list of buildings required to report data for the Municipal Natural Gas Equipment Inventory was compiled by cross-referencing the City’s Facility Systems of Record and the 2020 municipal benchmarking report to identify all city-owned buildings with non-zero carbon emissions. Numerous municipal buildings are exempt from these reporting requirements, including facilities of the Port of San Francisco and buildings with a primary purpose of providing collection, storage, treatment, delivery, distribution, and/or transmission of water, wastewater, and/or power utilities. Each department received an inventory template, provided by the Environment Department, to submit high level building data and detailed information on each piece of natural gas equipment in use in these buildings. Departments were asked to self-report the required building and equipment data over the course of a 6-month data collection period in 2023 and are asked to keep this inventory up to date in the following years as equipment is replaced. C. UPDATE PROCESS The inventory will be regularly updated by department representatives via the inventory PowerApp. When a gas-powered equipment item is retired or replaced, departments are asked to mark it as no longer in use and provide information on any electric replacement equipment, if applicable. While departments have the flexibility to update the inventory at any time, they are encouraged to do so at 6 month intervals at the minimum. Updated inventory data will be automatically reflected in this dataset. D. HOW TO USE THIS DATASET It is important to note that this dataset does not include facilities of the Port of San Francisco and buildings with a primary purpose of providing collection, storage, treatment, delivery, distribution, and/or transmission of water, wastewater, and/or power utilities, in accordance with Environment Code Chapter 7 exemptions.

Guangdong: Natural Gas: Supply: Inventory data was reported at 0.000 Cub m mn in 2016. This stayed constant from the previous number of 0.000 Cub m mn for 2015. Guangdong: Natural Gas: Supply: Inventory data is updated yearly, averaging 0.000 Cub m mn from Dec 1996 (Median) to 2016, with 16 observations. The data reached an all-time high of 220.000 Cub m mn in 2010 and a record low of -103.000 Cub m mn in 2006. Guangdong: Natural Gas: Supply: Inventory data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBL: Natural Gas Balance Sheet: Guangdong.