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US: EIA Natural Gas Report
| Actual | Previous | |
| Week over Week | 44bcf | 40bcf |
Highlights
Natural gas in storage rises by a seasonal 44 billion cubic feet to 3,298 billion cubic feet in the Sept. 11 week from 3,254 billion in the previous week as seasonal weekly injections continue ahead of the winter drawdown season. Natural gas in storage is down 122 bcf or 3.6 percent from the year-ago week. Compared against the 5-year average of 3,180 natural gas stocks in the latest week are up 118 bcf or 3.7 percent.
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.