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United States Natural Gas Storage

United States Natural Gas Storage

Actual: 49B
Forecast: 58B
Previous: 55B
Importance:
Release Date: Aug 15, 2019
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
Aug 22, 2019 51B 49B
Aug 15, 2019 49B 58B 55B
Aug 08, 2019 55B 59B 65B
Aug 01, 2019 65B 57B 36B
Jul 25, 2019 36B 37B 62B
Jul 18, 2019 62B 65B 81B

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