December Natural Gas Report
Storage Levels Continue to Grow
The Energy Information Administration (EIA) reported a rare late-season injection of 10 Billion Cubic Feet (Bcf) into storage for the week ended November 24th. Expectations were for a 10 Bcf withdrawal due to the colder temperatures over the Thanksgiving holiday. Current storage inventory is at 3,836 Bcf which is nearly 9% above the five-year average.