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Free AccessNATGAS: US Natural Gas Storage Seen Down 43 Bcf Last Week: Reuters
US natural gas storage likely saw a near-normal draw of 43 bcf in the week to Nov. 29, according to a Reuters survey.
- The five-year average for this period is a 48 bcf draw on the week. In 2023, stocks drew by 81 bcf over the same period.
- If correct, that would take US natural gas storage levels to 3,924 bcf, a surplus of around 7.4% over the five-year average.
- The WSJ forecast a draw of 48 bcf.
- The EIA will report the official figures at 10:30 ET Dec. 5
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.