2017 Economic Calendar
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EIA Natural Gas Report  
Released On 9/7/2017 10:30:00 AM For wk9/1, 2017
PriorActual
Weekly Change30 bcf65 bcf

Highlights
Natural gas in storage rose 65 billion cubic feet in the September 1 week to 3,220 bcf. The twenty-third consecutive weekly increase since the traditional end of the heating season ( and 9 weeks before the injection season) was in line with most analysts forecasts but well above the 38 bcf build of the same week a year ago. The increase put stocks 6.2 percent below their level last year at this time, when inventories were still enlarged by due to decreased consumption during a an exceptionally mild weather heating season. But in a longer term comparison, stocks were 0.5 percent higher than the 5-year average for this time of year and remain in the upper half of the historical range. Hurricane Harvey impacted both the demand and supply side, but its impeding of exports of liquid natural gas more than offset natural gas production interruptions it caused.

Definition
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
 
 

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