Open Demo Account
Home / Market Update / Commodities / U.S. Natural Gas Stockpiles Decline

U.S. Natural Gas Stockpiles Decline

M. Ali 25 February, 2021 9:31 pm Commodities, Market Update

Natural gas inventories in the United States declined by 338 billion cubic feet (bcf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday.

The decline came a little higher than market expectations.

Natural gas stockpiles reached 1.943 trillion cubic feet (tcf), decreasing by 298 bcf compared with the same period of last year.

In addition, natural gas supplies are below the five-year average by 161 bcf, according to the EIA’s weekly report.

Tags

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends