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

EIA Natural Gas Report  
Released On 5/25/2017 10:30:00 AM For wk5/19, 2017
Weekly Change68 bcf75 bcf

Natural gas in storage rose 75 billion cubic feet in the May 19 week to 2,444 bcf. The eighth consecutive weekly build since the traditional end of the heating season exceeded most forecasts, which called for an increase of around 71 bcf, in line with the build in the same week a year ago. The increase puts natural gas stocks 13.2 percent below the same period last year, when inventories were at extremely high levels due to mild weather that curbed heating consumption. Gas stocks remain in the upper half of the 5-year historical range for this period, and are 10.9 percent above the 5-year average. Natural gas futures fell about 3 cents immediately following the release of the report to around $3.17 per MMBTu.

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]