Denver — A string of massive weekly US natural gas storage withdrawals, starting with the 192 Bcf pull reported Feb. 4, have the potential to unravel recent forecasts, and prompt stocks to enter next year’s heating season more than 600 Bcf below the five-year average, marking a dramatic year over year reversal. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Natural gas storage inventories fell 192 Bcf to 2.689 Tcf for the week ended Jan. 29, according to the US Energy Information Administration. The withdrawal was below the 195 Bcf pull an S&P Global Platts’ survey of analysts expected, but it proved to be the largest weekly draw of the heating season. Storage volumes now stand 41 Bcf, or 1.5%, more than the year-ago level of 2.648 Tcf and 198 Bcf, or 7.9%, more than the five-year average of 2.491 Tcf. The NYMEX Henry Hub […]