BREAKING: NATGAS drops after in-line EIA report

3:32 PM 21 September 2023

US Energy Information Administration (EIA) released a weekly report on US natural gas inventories today at 3:30 pm BST. Report was expected to show a 65 billion cubic feet build in US inventories, more than 57 bcf reported in the previous week. Actual report almost matched those expectations, showing a build of 64 billion cubic feet.

While the report was mostly in-line with expectations, US natural gas prices (NATGAS) dropped in the aftermath and is now trading around 1% lower compared to pre-release levels.

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Source: xStation5

Source: EIA

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