US natural gas storage volumes declined less than the market expected for the second consecutive week, weighing again on prices as only three net draws likely remain before injection season begins. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Storage inventories decreased by 52 Bcf to 1.793 Tcf for the week ended March 5, the US Energy Information Administration reported the morning of March 11. The withdrawal was weaker than the 65 Bcf draw expected by an S&P Global Platts survey of analysts. It was also less than the 72 Bcf draw reported during the same week last year and the five-year average withdrawal of 89 Bcf. The draw was well below the 98 Bcf pull reported for the week prior as production rebounded 5.5 Bcf/d week over week, according to S&P Global Platts Analytics. Higher US production and softening demand pushed back on other […]