Into The Vortex – US Natural Gas Stocks Fall -91Bcf Vs Five Year Average -185Bcf

Milder weather continues to ease the withdrawal from US natural gas storage, and therefore prices. EIA reported a net withdrawal of -91Bcf from storage last week. Stocks drew -217Bcf in the same week last year with a five-year (2017-2021) average decline of -185Bcf. Salt Dome Cavern stocks added +3Bcf from +12Bcf last week. Upcoming milder temperatures bring inventories back in line with the five-year and we have seen US benchmark HH Natural gas futures continue to be in the doldrums … Continue reading Into The Vortex – US Natural Gas Stocks Fall -91Bcf Vs Five Year Average -185Bcf