US gas storage volumes declined more than the market expected in the week ended March 19, prompting a slight rise to the Henry Hub summer strip despite the likelihood of injection season starting a week ahead of schedule. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Storage inventories decreased 36 Bcf to 1.746 Tcf for the week ended March 19, the US Energy Information Administration reported the morning of March 25. The withdrawal was more than the 21 Bcf draw expected by an S&P Global Platts survey of analysts. It was also greater than the 26 Bcf draw reported during the same week last year but still under the five-year average withdrawal of 51 Bcf, according to EIA data. Regionally, most of the error came from underestimating the gains in demand as part of the long recovery from February’s Arctic blast. While there was a […]