2017 Economic Calendar
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EIA Natural Gas Report  
Released On 6/29/2017 10:30:00 AM For wk6/23, 2017
PriorActual
Weekly Change61 bcf46 bcf

Highlights
Natural gas in storage rose 46 billion cubic feet in the June 23 week to 2,816 bcf. The thirteenth consecutive weekly increase since the traditional end of the heating season was larger than the 37 bcf build recorded during the same week last year, but smaller than the roughly 52 bcf increase expected by analysts. Natural gas stocks were 10.2 percent below last year's level for this period, when inventories were bloated from low gas consumption due to an exceptionally mild winter. But in a longer term comparison, stocks are 6.9 percent above the 5-year average, and remain in the upper half of the 5-year range. The price of natural gas futures jumped up about 4 cents to around $3.09 per MMBTu immediately after the release of the EIA report.

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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