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EIA delivers consecutively bullish US gas storage report, lifting NYMEX futures

September 13, 2024 Comments Off

The US Energy Information Administration delivered yet another bullish US natural gas storage report Sept. 12, reporting a 40 Bcf injection to domestic inventory during the first week of September. The latest weekly injection reported by EIA was 10 Bcf, or 20%, smaller than the consensus estimate from S&P Global Commodity Insights’ weekly gas storage survey , which predicted a…