What it measures
The Weekly Natural Gas Storage Report estimates the working gas in underground storage and its net change over the week to the previous Friday. Gas is usually injected into storage in spring and summer and withdrawn in winter.
Who publishes it and when
The EIA usually publishes it on Thursday at 10:30 New York time. Holiday weeks can move the day or time.
How it is put together
The EIA surveys storage operators across the country and estimates the total for each region. Revisions and reclassifications are noted in the report.
What traders watch
Traders compare the change with expectations, with the same week last year and with the five-year average, which shows whether stocks are tight or comfortable for the season.
How markets have usually reacted
A larger than expected injection, or smaller withdrawal, has often pushed gas prices down; the reverse has often lifted them. Weather forecasts often matter more than a single report.
Common mistakes
- Ignoring the season: a large withdrawal in winter is normal.
- Comparing with last week only, instead of the five-year average.
How a higher or lower figure is usually read
A bigger injection than the week before (or a smaller withdrawal) is usually read as negative for gas prices; the reverse as supportive. Not a signal.
Release history
| Date | Period | Actual | Previous |
|---|---|---|---|
| w/e Oct 23 | 80B | 77B | |
| w/e Oct 16 | 77B | 67B |
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Trading involves a high risk of loss. This page is information and education, not advice or a signal to trade. See the Risk Disclaimer.
Official source
Source: U.S. Energy Information Administration.
Published by U.S. Energy Information Administration (EIA): ir.eia.gov