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United States Natural Gas Storage

United States Natural Gas Storage

Actual: -18B
Forecast: -18B
Previous: 31B
Importance:
Release Date: Nov 25, 2020
Currency: USD
Country: United States
Source Of Report: Energy Information Administration

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.

Release Date Actual Forecast Previous
Dec 03, 2020 -18B
Nov 25, 2020 -18B -18B 31B
Nov 19, 2020 31B 15B 8B
Nov 13, 2020 8B -3B -36B
Nov 05, 2020 -36B -26B 29B
Oct 29, 2020 29B 37B 49B

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