Bullish draw from US gas storage narrows domestic surplus as NYMEX rallies

The US Energy Information Administration on Jan. 11 reported an above-average 140 Bcf pull from natural gas storage stocks in the first week of 2024, supporting a rally in NYMEX gas prices as colder weather across most of the country shifted the market outlook for the balance of winter. The bullish drawdown in the week ended Jan. 5 narrowed the… The US Energy Information Administration on Jan. 11 reported an above-average 140 Bcf pull from natural gas storage stocks in the first week of 2024, supporting a rally in NYMEX gas prices as colder weather across most of the country shifted the market outlook for the balance of winter. The bullish drawdown in the week ended Jan. 5 narrowed the… Read More