Weekly net change in working gas stocks exceeds five-year average for first time this heating season">Weekly net change in working gas stocks exceeds five-year average for first time this heating season
(Tue, 03 Dec 2019) Last week (week ending November 22, 2019), the U.S. Energy Information Administrationâs (EIA) estimated weekly net withdrawals from working natural gas stocks at underground storage facilities in the Lower 48 states exceeded the five-year average for the first time in three weeks. The heating season traditionally begins on November 1. Total net withdrawals were just 28 billion cubic feet (Bcf) compared with the five-year average for the report week of 57 Bcf. The deficit to the five-year average stocks for this time of year narrowed to about 1% of the five-year average as a result of this relatively low net withdrawal.
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