Record NatGas Consumption Drives Largest U.S. Gas Storage Draw on Record

Record NatGas Consumption Drives Largest U.S. Gas Storage Draw on Record

359 Bcf draw breaks previous record of 288 Bcf
The frigid temperatures seen over the past week have made their presence felt in natural gas markets, as the EIA reported the largest gas draw ever this week.

U.S. inventories declined by 359 Bcf from December 29 to January 5, even higher than the analyst estimate of 330 Bcf. Stocks declined throughout the country, but especially in the South Central region, where there was a draw of 153 Bcf.

Continue reading Record NatGas Consumption Drives Largest U.S. Gas Storage Draw on Record at Oil & Gas 360.

Source: Oil & Gas 360

 

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