US natural gas stocks fall by 40 bcf in week ended Fri, says EIA
This story was originally published at 10:59 IST on 9 January 2025
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MUMBAI – US natural gas stocks fell by 40 billion cubic feet in the week ended Friday, according to US Energy Information Administration data. The stocks were 6.5% higher than the five-year average for this time of the year, the agency said in its weekly report.
The department pegged total gas in underground storage at 3.37 trillion cubic feet as of Friday, 0.1% lower than 3.38 trillion cubic feet a year ago. The stocks were 207 billion cubic feet higher than the five-year average of 3.16 trillion cubic feet, according to the report.
The East, Mid-west, Mountain, Pacific, and non-salt south-central regions of the US saw a decline in stocks, while the salt south-central region saw a rise in stocks, according to the report. At 1026 IST, the most-active February contract of natural gas on the New York Mercantile Exchange was at $3.63 per million British thermal unit, down 0.6% from the previous close. End
US$1 = INR 85.92
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Ashutosh Pati
Edited by Akul Nishant Akhoury
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