Highlights Prices retreat following epic winter storm Production rebounds quickly following freeze-offs The US natural gas storage industry posted its second-largest draw on record last week, but the Henry Hub prompt-month contract continued to slip as the severe, country-wide cold retreated. Storage inventories decreased by 338 Bcf to 1.943 Tcf for the week ended Feb. 19, the US Energy Information Administration reported the morning of Feb. 25. The withdrawal was stronger than the 333 Bcf draw expected by an S&P Global Platts survey of analysts. The pull proved more than 200 Bcf stronger than the the five-year average. It was only the second weekly storage withdrawal to measure more than 300 Bcf. The largest weekly storage decline on record stands at 359 Bcf, which was set for the week ended Jan. 5, 2018. Unprecedented cold in parts […]