Bullish US natural gas storage report from EIA falls flat as NYMEX futures sell off
January 7, 2023 Comments Off
The US Energy Information Administration on Jan. 5 announced another massive drawdown from domestic natural gas storage in late December in a report that still underwhelmed market expectations. US working gas storage dropped 221 Bcf in the week ended Dec. 30, according to the EIA’s latest estimates, leaving domestic inventories at 2.891 Tcf – 208 Bcf. This is almost 7%…
Bullish US natural gas storage report from EIA falls flat as NYMEX futures sell off
The US Energy Information Administration on Jan. 5 announced another massive drawdown from domestic natural gas storage in late December in a report that still underwhelmed market expectations. US working gas storage dropped 221 Bcf in the week ended Dec. 30, according to the EIA’s latest estimates, leaving domestic inventories at 2.891 Tcf – 208 Bcf. This is almost 7%…
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