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12.12.2024

EIA's report shows a tumble of 190 bcf in U.S. weekly natural gas inventories

The U.S. Energy Information Administration (EIA) reported on Thursday that natural gas inventories tumbled by 190 billion cubic feet (bcf) in the week that ended December 6. This marked the 4th straight weekly decline in natural gas inventories, which was also the steepest since the week ended January 26 (-197 bcf).

Economists had forecast a plunge of 170 bcf.

The previous week saw a fall of 30 bcf.

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