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EIA Natural Gas Report  
Released On 11/30/2017 10:30:00 AM For wk11/24, 2017
PriorActual
Weekly Change-46 bcf-33 bcf

Highlights
Natural gas in storage fell 33 billion cubic feet in the November 24 week to 3,693 bcf. The third consecutive weekly decline in the third week of the heating season was smaller than the 50 bcf drawdown in the comparable week last year but exceeded the 27 bcf average decrease registered in the corresponding 48th week over the last 5 years. The week's drawdown puts natural gas stocks 7.7 percent below last year at this time, when they were exceptionally high due to lower heating consumption during the preceding mild winter. Though inventories are 2.8 percent below the 5-year average for this time of year, they are within the 5-year historical range.

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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