Hi energy traders, I will be posting the Energy Information Administration (EIA) report on the storage/inventory of natural gas here. The report is released weekly and I will keep you updated.
From the EIA report, the amount of Nat Gas in storage for this week(63 billion cubic feet), fell below the forecasted value of 72 billion cubic feet; hence this means demand is high so the market will react in a bullish manner
US Natural gas Inventory data came in bearish today. Gas inventory increased from 95 billion cubic meters to 108 billion cubic meters meaning demand is lower than supply hence the bearish outlook