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United States Natural Gas Storage

United States Natural Gas Storage

Actual: 33B
Forecast: 30B
Previous: 26B
Importance:
Release Date: Aug 06, 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 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.

Release Date Actual Forecast Previous
Aug 13, 2020 33B
Aug 06, 2020 33B 30B 26B
Jul 30, 2020 26B 26B 26B
Jul 23, 2020 37B 36B 45B
Jul 16, 2020 45B 47B 56B
Jul 09, 2020 56B 58B 65B

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