US natural gas inventories for the week ended Feb. 18 fell in line with market expectations, which was below the five-year average decline for the first time this year. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Storage fields withdrew 129 Bcf, according to data released by the US Energy Information Administration on Feb. 24. Working gas inventories decreased to 1.782 Tcf. The storage deficit collapsed to 209 Bcf, or 10.5%, less than the year-ago level of 1.991 Tcf. The deficit to the five-year average narrowed to 214 Bcf. The withdrawal was in line with the 128 Bcf draw expected by an S&P Global Platts survey of analysts. Responses to the survey ranged from a 107 to 143 Bcf withdrawal. The draw was a fraction last year’s massive 324 Bcf pull in the corresponding week. That week marked the second-largest withdrawal on record as the […]