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

EIA Natural Gas Report  
Released On 8/3/2017 10:30:00 AM For wk7/28, 2017
PriorActual
Weekly Change17 bcf20 bcf

Highlights
Natural gas in storage rose 20 billion cubic feet in the July 28 week to 3,010 bcf. The eighteenth consecutive weekly build since the traditional end of the heating season was below the 44 bcf average build in the past 5 years for this period but in line with analysts' expectations. The increase puts natural gas stocks 8.5 percent below the level last year, when inventories were exceptionally large due to a mild winter that dampened heating season consumption. Gas stocks were 3.0 percent above the 5-year average, however, and in the upper half of the 5-year historical range. Natural gas futures fell about 2 cents to around $2.825 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 five regions of the country. The level of inventories helps determine prices for natural gas products.  Why Investors Care
 
 

powered by  [Econoday]