US natural gas storage volumes expanded well below market expectations last week, while a net withdrawal is anticipated for the week in progress, kicking off the heating season two weeks earlier than last year. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Storage inventories increased by 29 Bcf to 3.955 Tcf for the week ended Oct. 23, the US Energy Information Administration reported the morning of Oct. 29. The injection was less than an S&P Global Platts’ survey of analysts calling for a 37 Bcf build. Responses to the survey ranged from an injection of 32 Bcf to 53 Bcf. The injection measured much less than the 89 Bcf build reported during the same week last year as well as the five-year average gain of 67 Bcf, according to […]

Posted in: USA