Last week’s draw from US working natural gas in storage proved strong enough to reduce the year-on-year surplus to a deficit while the possibility for the largest weekly draw ever is on the horizon. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Storage inventories declined 171 Bcf to 2.518 Tcf for the week-ended Feb. 5, the US Energy Information Administration reported Feb. 11. The withdrawal was a bit below the 175 Bcf draw expected by an S&P Global Platts’ survey of analysts, but above the five-year average withdrawal of 125 Bcf, according to EIA data. Storage volumes now stand 9 Bcf, or 0.4%, below the year-ago level of 2.527 Tcf and 152 Bcf, or 6.4%, above the five-year average of 2.366 Tcf. The pull was less than the 192 Bcf dip reported the week prior as demand was down 2.2 Bcf/d, with […]