Mubasher TV
Contact Us Advertising   العربية

US natural gas storage declines as prices surge

US natural gas storage declines as prices surge

Mubasher: Energy Information Administration (EIA) said on Thursday that the US natural gas inventories fell by 81 billion cubic feet (Bcf) in the week ended 11 January, to a total of 2,533 Bcf.

Stockpiles were 77 Bcf less than last year’s figure, while they were 327 Bcf below the five-year average of 2,860 Bcf, according to the EIA data.

Following the release of the data, Nymex natural gas futures jumped 3.99% to $3.52 per million British thermal units (MMBtu).