# EIA reports 87 Bcf draw from US gas stocks for Dec. 16 week, below forecast

> The EIA reported an 87 Bcf withdrawal from US natural gas storage for the week ended Dec. 16, smaller than the five-year average draw of 124 Bcf and below the 94 Bcf analyst consensus. Total inventories reached 3.325 Tcf, a 0.7% surplus to the five-year average. Cold weather lifted heating demand and LNG feedgas.

- Date: 2022-12-22 · published 2022-12-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38408-eia-reports-87-bcf-draw-from-us-gas-stocks-for-dec-16-week-below-forecast
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A smaller-than-expected draw points to looser US gas supply, which is slightly bearish for Henry Hub futures and for natural gas as a fertilizer and energy input cost.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-05 | [Bullish US natural gas storage report from EIA falls flat as NYMEX futures sell off](https://feedsoft.ai/events/9183-bullish-us-natural-gas-storage-report-from-eia-falls-flat-as-nymex-futures-sell.md) | -10.5% | -35.3% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2016-06-02 | [EIA Reports 82 Billion-cubic-foot Rise In U.S. Natural-gas Supplies \| Fox Business](https://feedsoft.ai/events/7635-eia-reports-82-billion-cubic-foot-rise-in-u-s-natural-gas-supplies-fox-business.md) | +4.3% | +25.3% |
| NATGAS | 2023-08-31 | [Nat-Gas Prices Fall Back on Bearish EIA Report](https://feedsoft.ai/events/34751-nat-gas-prices-fall-back-on-bearish-eia-report.md) | -4.5% | +7.9% |
| NATGAS | 2017-01-05 | [EIA Reports Smaller-than-expected Fall In U.S. Natural-gas Supplies \| Fox Business](https://feedsoft.ai/events/11915-eia-reports-smaller-than-expected-fall-in-u-s-natural-gas-supplies-fox-business.md) | -2.9% | -5.5% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/natural-gas/122222-eia-reports-87-bcf-draw-from-us-gas-stocks-for-dec-16-week-below-forecast

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.