Nigeria Lost Half A Billion In Oil Revenue To Force Majeure In December

Colder-than-usual weather in January and high LNG exports reduced U.S. working natural gas storage levels to below the five-year average again, after one of the warmest Decembers on record had boosted inventories to above the five-year average last month, the Energy Information Administration said on Monday.

The winter heating season began on November 1, with natural gas in storage at 3 percent below the previous five-year average. Then, due to a mild December, Lower 48 working natural gas in storage surpassed its five-year average in the middle…