EIA Natural Gas Report

RELATED WIKI ARTICLES
 

The EIA Natural Gas Report reports on the weekly change of natural gas stocks in underground storage provided by the Energy Information Administration (EIA) for East, West and producing regions of U.S.

Several volumetric measures exist to quantify the fundamental characteristics of an underground storage facility and the gas contained within it. These measures include total gas storage capacity, total gas in storage, base gas, working gas capacity, working gas, deliverability and gas injection. The EIA will collect a variety of data on these storage measures and publishes selected data on a weekly, monthly, and annual basis.[1]

Error creating thumbnail
Energy Information Administration, Office of Oil and Gas, Form EIA-912[2]

Why is it important

The level of inventories reported in the EIA Natural Gas Report helps investors to estimate the prices for natural gas products. Just like any other goods and services, natural gas products are determined by supply and demand. Therefore, during times when the economy is booming, demand for natural gas products will be robust. The inventory level of natural gas has an inverse relationship with the price of natural gas. Therefore, if inventories are low, the prices of natural gas are most likely to increase and vice versa.[3]

See also: EIA Petroleum Status Report

References

  1. EIA: The basics of underground natural gas storage
  2. EIA: Weekly Natural Gas Storage Report
  3. Econoday: 2010 economic calendar
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki