Arctic Blast Triggers Largest-Ever US Gas Storage Withdrawal

US natural gas consumers withdrew more gas from storage last week than they ever have before as a powerful late-January storm boosted demand for the heating fuel while also disrupting production across key gas-producing basins.

Consumers withdrew 360 billion cubic feet of gas in the week leading up to Jan. 30, the largest weekly storage decline on record, according to an Energy Information Administration report released Thursday.