The Henry Hub summer strip rose above $5/MMBtu following US natural gas storage fields withdrawing greater volumes than the market expected. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Storage fields withdrew 79 Bcf for the week ended March 11, according to data released by the US Energy Information Administration March 17. Working gas inventories decreased to 1.440 Tcf. US storage volumes now stand 344 Bcf less than the year-ago level of 1.784 Tcf, and 304 Bcf less than the five-year average of 1.744 Tcf. The withdrawal outpaced the 70 Bcf draw expected by a survey of analysts by S&P Global Commodity Insights. Responses to the survey were wide, ranging from a 56 Bcf to 90 Bcf withdrawal. It outpaced the five-year average of 65 Bcf and dwarfed the 16 Bcf pull in the corresponding week last year. The EIA’s East and Midwest storage regions […]