Highlights
Natural gas in storage fell 99 billion cubic feet in the January 26 week to 2,197 bcf. Though the eleventh weekly drawdown of the heating season exceeded the 87 bcf draw in the comparable week last year, it was much smaller than the 162 bcf average decline for the week over the last five years. Gas stocks were down a steep 19.3 percent year-on-year and 16.2 percent below the 5-year average for the period, though back within the 5-year historical range again after falling below it in the prior week for the first time in at least two years.