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U.S. Natural Gas Storage

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U.S. Natural Gas Storage

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Status

 
Latest Release
Feb 02, 2023
Actual
-151B
Forecast
-142B
Previous
-91B
The Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage over the prior week.

While it is a U.S. indicator, it tends to have a larger impact on the Canadian dollar because of Canada's large energy sector.

If the increase in natural gas inventories is more than expected, it implies weaker demand and is bearish for natural gas prices. The same can be said if a decline in inventories is less than expected.
If the increase in natural gas is less than expected, it implies greater demand and is bullish for natural gas prices. The same can be said if a decline in inventories is more than expected.
Importance:
Country:
Currency: USD
Source: Energy Information Administrat...
U.S. Natural Gas Storage
 
Release Date Time Actual Forecast Previous
Feb 09, 2023 16:30   -193B -151B
Feb 02, 2023 16:30 -151B -142B -91B
Jan 26, 2023 16:30 -91B -82B -82B
Jan 19, 2023 16:30 -82B -71B 11B
Jan 12, 2023 16:30 11B -15B -221B
Jan 05, 2023 16:30 -221B -228B -213B

News

Energy & precious metals - weekly review and outlook
Energy & precious metals - weekly review and outlook By Investing.com - Feb 05, 2023

By Barani Krishnan Investing.com -- Unemployment and inflation, in theory, are at odds with each other. Taken simply, when more people are unemployed, price pressures are less. But on a deeper level,...

Analysis

Natural Gas Storage Discussion

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