EIA reports decline of 136 billion cubic feet in natural-gas supplies for week ended Dec. 24

eia-reports-decline-of-136-billion-cubic-feet-in-natural-gas-supplies-for-week-ended-dec.-24

The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas fell by 136 billion cubic feet for the week ended Dec. 24. That is more than the 127 Bcf average decline forecast by analysts polled by S&P Global Platts. The weekly drawdown also is greater than the five-year average draw of 121 Bcf, S&P Global said. Total stocks now stand at 3.226 trillion cubic feet, down 256 billion cubic feet from a year ago but 19 billion cubic feet above the five-year average, the government said. Following the data, January natural gas NG22 added to its decline, falling 11 cents, or 3%, at around $3.59 per million British thermal units.

Source: Marketwatch

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