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U.S. Natural Gas Storage

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U.S. Natural Gas Storage

Frequency

Delivery Method

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Status

 
Latest Release
Nov 24, 2021
Actual
-21B
Forecast
-22B
Previous
26B
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
Dec 02, 2021 15:30     -21B
Nov 24, 2021 17:00 -21B -22B 26B
Nov 18, 2021 15:30 26B 25B 7B
Nov 10, 2021 17:00 7B 10B 63B
Nov 04, 2021 14:30 63B 63B 87B
Oct 28, 2021 14:30 87B 86B 92B

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Analysis

Natural Gas Storage Discussion

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