Natural Gas Storage Report!

The Energy Information Administration (EIA) Natural Gas Storage report is a vital indicator that measures the weekly change in the volume of natural gas held in underground storage in the United States. This report provides crucial insights into the supply and demand dynamics of the natural gas market, influencing energy prices, economic decisions, and even the valuation of currencies, notably the Canadian dollar. This comprehensive article will delve into the mechanics of the EIA Natural Gas Storage report, its implications for natural gas prices, and the broader economic and market impacts.


Release DateTimeActualForecastPrevious
Jun 13, 202410:3098B
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Jan 18, 202411:30-154B-164B-140B
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Jan 04, 202411:30-14B-40B-87B
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Feb 23, 202311:30-71B-67B-100B
Feb 16, 202311:30-100B-109B-217B
Feb 09, 202311:30-217B-195B-151B
Feb 02, 202311:30-151B-142B-91B
Jan 26, 202311:30-91B-82B-82B
Jan 19, 202311:30-82B-71B11B
Jan 12, 202311:3011B-15B-221B
Jan 05, 202311:30-221B-228B-213B
Dec 29, 202211:30-213B-201B-87B
Dec 22, 202211:30-87B-93B-50B
Dec 15, 202211:30-50B-45B-21B
Dec 08, 202211:30-21B-31B-81B
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Oct 27, 202210:3052B59B111B
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Jun 30, 202210:3082B74B74B
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Apr 28, 202210:3040B38B53B
Apr 21, 202210:3053B37B15B
Apr 14, 202210:3015B15B-33B
Apr 07, 202210:30-33B-26B26B
Mar 31, 202210:3026B21B-51B
Mar 24, 202210:30-51B-56B-79B
Mar 17, 202210:30-79B-73B-124B
Mar 10, 202211:30-124B-117B-139B
Mar 03, 202211:30-139B-138B-129B
Feb 24, 202211:30-129B-134B-190B
Feb 17, 202211:30-190B-193B-222B
Feb 10, 202211:30-222B-222B-268B
Feb 03, 202211:30-268B-216B-219B
Jan 27, 202211:30-219B-216B-206B
Jan 20, 202211:30-206B-194B-179B

The Mechanics of the EIA Natural Gas Storage Report

The EIA Natural Gas Storage report is released every Thursday and details the net change in natural gas storage levels in the U.S. for the previous week. These storage levels are measured in billion cubic feet (Bcf) and categorized into three central regions: East, West, and Producing (which includes the Gulf Coast). The report also provides data on the total storage levels, comparing them to the previous week, the same week of the previous year, and the five-year average.

How Data is Collected

The data for the report is gathered through surveys of natural gas operators who report the amount of gas they have in storage. These operators include local distribution companies, interstate pipeline companies, and storage service providers. The EIA aggregates and analyzes the collected data to produce the weekly report.

Interpretation of the Report

The EIA Natural Gas Storage Report is closely monitored by market participants, including traders, analysts, and policymakers. The report’s results can significantly influence natural gas prices, providing direct insight into supply and demand dynamics.

  1. Increase in Inventories Greater than Expected: Supply is higher than demand when the reported increase in natural gas inventories exceeds market expectations. This scenario typically leads to a bearish sentiment in the natural gas market, causing prices to fall.
  2. Increase in Inventories Less than Expected: If the increase in inventories is less than expected, demand is more robust relative to supply. This bullish signal generally results in higher natural gas prices.
  3. Decline in Inventories Greater than Expected: A larger-than-expected decline in inventories suggests robust demand or inadequate supply, both bullish factors for natural gas prices.
  4. Decline in Inventories Less than Expected: If the decline in inventories is smaller than expected, it points to weaker demand or an oversupply, which can have a bearish impact on natural gas prices.

Impact on the Canadian Dollar

While the EIA Natural Gas Storage Report is a U.S. indicator, its effects extend beyond American borders, particularly influencing the Canadian dollar (CAD). Canada is a significant exporter of natural gas to the U.S., and the health of the energy sector is closely tied to the Canadian economy. Therefore, fluctuations in natural gas prices due to storage reports can significantly impact the CAD.

Direct and Indirect Effects

  1. Direct Effects: When natural gas prices rise due to lower-than-expected storage levels, Canadian energy companies benefit from higher revenues, improving the overall economic outlook and strengthening the CAD.
  2. Indirect Effects: The health of the Canadian energy sector also affects investor sentiment and foreign investment flows. A robust energy sector can attract more foreign investment, strengthening CAD.

Broader Economic and Market Implications

The EIA Natural Gas Storage report affects natural gas prices and the Canadian dollar, and it has broader economic and market implications.

Impact on Energy Sector Stocks

The report’s outcomes can influence companies’ stock prices in the natural gas sector. For instance, a bullish report leading to higher natural gas prices can boost the share prices of natural gas producers, pipeline operators, and service companies.

Influence on Inflation and Economic Policy

Natural gas prices play a role in determining inflation rates, as energy costs are a significant component of consumer prices. Higher natural gas prices can increase heating and electricity costs, contributing to overall inflation. Central banks, such as the Federal Reserve and the Bank of Canada, monitor energy prices closely as part of their economic assessments and policy decisions.

Effect on Energy Contracts and Futures Markets

The natural gas futures market is highly responsive to the EIA Natural Gas Storage report. Traders use the report to make informed decisions on buying and selling futures contracts. Significant deviations from expected storage levels can lead to substantial price volatility in future markets.

Strategies for Traders and Investors

Given the substantial impact of the EIA Natural Gas Storage Report, traders and investors often develop strategies to capitalize on the report’s outcomes.

Anticipatory Strategies

Traders may take positions in natural gas futures or related stocks before the report’s release based on their expectations of the storage data. These positions are typically based on weather forecasts, historical data, and market sentiment.

Reactive Strategies

After the report is released, traders may quickly adjust their positions in response to the actual data. This approach requires swift decision-making and the ability to interpret the report accurately and promptly.


The EIA Natural Gas Storage report is a crucial indicator with far-reaching implications for the natural gas market, energy sector, broader economy, and even international currencies like the Canadian dollar. Understanding the dynamics of this report and its impacts can provide valuable insights for traders, investors, and policymakers. By closely monitoring storage levels and market expectations, stakeholders can make informed decisions that align with the natural gas market’s prevailing supply and demand conditions.



Igor has been a trader since 2007. Currently, Igor works for several prop trading companies. He is an expert in financial niche, long-term trading, and weekly technical levels. The primary field of Igor's research is the application of machine learning in algorithmic trading. Education: Computer Engineering and Ph.D. in machine learning. Igor regularly publishes trading-related videos on the Fxigor Youtube channel. To contact Igor write on:

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