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EIA Natural Gas Report  
Released On 12/14/2017 10:30:00 AM For wk12/8, 2017
PriorActual
Weekly Change2 bcf-69 bcf

Highlights
Natural gas in storage fell 69 billion cubic feet in the December 8 week to 3,626 bcf. The fourth weekly drawdown of the heating season follows an atypical build in the prior week and though less than half of the outsized 147 drawdown during the comparable week last year slightly exceeds the 64 bcf average decrease for the same week during the last five years. Natural gas stocks were 5.3 percent below their level last year at this time, when they were exceptionally high largely due to inventory buildup caused by low heating consumption in the preceding mild winter. In a longer term comparison, stocks are 0.7 percent below their 5-year average for the period and roughly in the middle of their 5-year historical range for the week.

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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