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EIA Natural Gas Report  
Released On 7/7/2017 10:30:00 AM For wk6/30, 2017
PriorActual
Weekly Change46 bcf72 bcf

Highlights
Natural gas in storage rose 72 billion cubic feet in the June 30 week to 2,888 bcf. The fourteenth consecutive weekly build since the traditional end of the heating season was larger than the 39 bcf increase recorded during the same week last year and also larger than most analysts expected. The weekly build put natural gas stocks 9.0 percent below last year's level at this time, when inventories were exceptionally high due to a mild winter that dampened consumption. Gas stocks remain 6.9 percent above the 5-year average, however, and are in the upper half of the 5-year historical range. Natural gas futures fell about 4 cents to around $2.87 per MMBTu immediately following 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 three regions of the country. The level of inventories helps determine prices for natural gas products.  Why Investors Care
 
 

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