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

EIA Natural Gas Report  
Released On 11/16/2017 10:30:00 AM For wk11/10, 2017
PriorActual
Weekly Change15 bcf-18 bcf

Highlights
Natural gas in storage fell 18 billion cubic feet in the November 10 week to 3,772 bcf. The first weekly decline after 32 consecutive weekly increases signals the traditional start of the heating season, when weekly drawdowns are the norm. The decrease contrasts with a 30 bcf increase in the same week a year ago and a 6 bcf average increase during the corresponding week in the last 5 years, while taking natural gas stocks to a level 6.7 percent lower than last year's exceptionally high, mild-winter-bloated inventories and 2.6 percent below 5-year average for this time of year.

Storage levels have indicated a gradual tightening in the natural gas market since late August, when stocks first fell below the 5-year average. However, stocks remain well within the 5-year range for the period, and while prices did rise about 20 cents in November to around $3.00 per MMBTu, they are 23 percent below this year's highs set at the start of the year and have responded only feebly to the tightening.

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]