2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

EIA Natural Gas Report  
Released On 8/10/2017 10:30:00 AM For wk8/4, 2017
Weekly Change20 bcf28 bcf

Natural gas in storage rose 28 billion cubic feet in the August 4 week to 3,038 bcf. The nineteenth consecutive weekly build since the traditional end of the heating season was smaller than the 29 bcf injected in the same week a year ago, and below the 54 bcf average weekly build in the last 5 years. The weekly build was also below analysts' expectations of a 37 bcf increase, and put natural gas stocks 8.3 percent below the level last year, when inventories were bloated by an exceptionally mild winter that dampened heating season consumption. Gas stocks were 2.0 percent above the 5-year average, however, and remain in the upper half of the 5-year historical range. Natural gas futures jumped up about 5 cents to around $2.94 per MMBTu immediately following the release of the EIA report.

The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.  Why Investors Care

powered by  [Econoday]