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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
Oct 10, 2024
Actual
82B
Forecast
73B
Previous
55B
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 during the past week.

While this is a U.S. indicator it tends to have a greater impact on the Canadian dollar, due to Canada's sizable 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
Oct 17, 2024 10:30     82B
Oct 10, 2024 10:30 82B 73B 55B
Oct 03, 2024 10:30 55B 59B 47B
Sep 26, 2024 10:30 47B 52B 58B
Sep 19, 2024 10:30 58B 53B 40B
Sep 12, 2024 10:30 40B 49B 13B

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Analysis

Natural Gas Storage Discussion

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