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US: EIA Natural Gas Report
| Actual | Previous | Revised | |
| Week over Week | 103bcf | 59bcf | 60bcf |
Highlights
Natural gas in storage rises by 103 billion cubic feet to 2,063 billion in the April 17 week from 1,960 bcf in the prior week ended April 10 as injection season continues with warmer weather. For the latest week, natural gas in storage is up by 142 bcf from the year-ago week or 7.4 percent. Compared with the 5-year average of 1,926, natural gas stocks in the latest week are up 137 bcf or 7.1 percent.
The figure for the week of April 10 was revised to show a net change that week of 60 billion rather than 59 billion previously reported. There were also revisions in prior weeks available at this link:
https://ir.eia.gov/ngs/revisions.xls
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.
Description
Natural gas product prices are determined by supply and demand - just like any other good and service. During periods of strong economic growth, one would expect demand to be robust. If inventories are low, this may lead to increases in natural gas prices. If inventories are high and rising in a period of strong demand, prices may not need to increase at all, or as much. During a period of sluggish economic activity, demand for natural gas may not be as strong. If inventories are rising, this may push down natural gas prices.