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US natural gas inventories for the week ended Feb. 18 fell in line with market expectations, which was below the five-year average decline for the first time this year. Storage fields withdrew 129 Bcf, according to data released by the US Energy Information Administration on Feb. 24. Working gas inventories decreased to 1.782 Tcf. The ...
After a string of weekly bullish draws from US natural gas storage inventories this year, analysts expect a pull roughly less than half of last year’s withdrawal for the week ended Feb. 18. Henry Hub futures, meanwhile, are strengthening as the summer strip inches above $4.50/MMBtu. The US Energy Information Administration is expected to report ...
US natural gas storage volumes fell by more than 200 Bcf for the fourth week, but milder weather could slow withdrawals in the weeks ahead as the Henry Hub summer strip remains above $4/MMBtu. Storage fields withdrew 222 Bcf for the week ended Feb. 4, according to US Energy Information Administration data released Feb. 10. ...
US natural gas inventories likely posted the largest weekly withdrawal since last February’s winter storm as the Henry Hub prompt-month contract approaches $5/MMBtu ahead of another cold front featuring freeze-off potential. The US Energy Information Administration is expected to report a 274 Bcf withdrawal for the week-ended Jan. 28, according to a survey of analysts ...
Survey calls for second-ever US natural gas storage draw above 300 Bcf US natural gas stocks posted a massive draw last week, likely well north of 300 Bcf, as the end-of-season storage outlook has changed dramatically in only two weeks. The US Energy Information Administration is expected to report a 333 Bcf withdrawal for the week-ended Feb. 19, according to a survey of analysts by S&P Global Platts. It would register as the second-largest storage draw on record, and only the second weekly pull to ever register above 300 Bcf. Significantly colder-than-normal temperatures across the middle of...