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EIA Natural Gas Report  
Released On 6/22/2017 10:30:00 AM For wk6/16, 2017
PriorActual
Weekly Change78 bcf61 bcf

Highlights
Natural gas in storage rose 61 billion cubic feet in the June 16 week to 2,770 bcf. The twelfth consecutive weekly injection since the traditional end of the heating season was slightly smaller than the 63 bcf seen in the same week last year, but most analysts had expected an even smaller build as Tropical Storm Cindy dampened Gulf of Mexico production and as hotter weather in parts of the country increased the consumption of natural gas for electricity generation. The weekly injection put natural gas stocks 10.5 percent below last year's level at this time, when inventories were exceptionally large due to a low-consumption mild winter. Gas inventories are 8.1 percent above the 5-year average, however, and remain in the upper half of the 5-year historical range. Natural gas futures initially fell about 5 cents to $2.84 per MMBTu immediately following the EIA report, but prices quickly recovered and rose above pre-release levels.

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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