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Natural Gas spikes as EIA storage reports drawdown of 14 BCF
21-Nov-2025 15:37
The US Natural gas futures are spiking today, adding to recent gains as markets eye a higher demand spell in the commodity. The Energy Information Administration (EIA) released its Natural Gas Storage report yesterday, indicating a large decrease in the volume of natural gas held in underground storage over the past week. The actual drawdown reported was 14 billion cubic feet. Following this, the working gas in storage across the United States stood at 3,946 billion cubic feet in the week ending November 14. Last week, there was an injection of around 45 billion cubic feet. Compared with the same period in 2024, gas stocks were 23 billion cubic feet lower, while remaining 146 billion cubic feet above the five-year average of 3,800 billion cubic feet. Total working gas stayed within the five-year historical range. The benchmark US Natural Gas futures are currently up 1.26% at $4.72 per mmbtu- holding around nine-month high. MCX Natural Gas is up 1.29% at Rs 423 per mmbtu.

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