EIA_NATGAS
EIA Natural Gas Storage
The EIA’s Thursday storage report tallies gas in underground storage — the scheduled weekly mover for natural gas prices.
| Published by | US Energy Information Administration (EIA) |
|---|---|
| Frequency | Weekly, Thursday |
| Release time | 10:30 AM ET |
What it measures
The report gives the weekly net injection into or withdrawal from underground storage, by region, against the 5-year average and last year.
Why traders watch it
- Gas is a weather-and-storage market: the surprise versus expected injection/withdrawal moves futures instantly.
- The deficit or surplus to the 5-year average frames the whole season’s narrative.
How to read it
- Surprise first, then the running gap to the 5-year average.
- Same-size surprises hit harder near storage extremes — full ahead of winter or empty ahead of summer.
FAQ
Why does a small surprise move gas so hard?
Storage is the only buffer between inelastic supply and weather-driven demand. When the buffer is thin, each Bcf of surprise is leverage on the deliverability math.
What counts as bullish here?
Smaller-than-expected injections (or bigger withdrawals), especially when storage already trails the 5-year average.
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The official source of each release is authoritative. Not investment advice.