Presentation to Ukraine Commodity Market Development Conference The author of the presentation: Stephen Harvey, US Energy Information Administration (EIA)

1. U.S. Energy Information Administration www.eia.govIndependent Statistics & Analysis
The U.S. Energy Information Administration
For
Ukraine Commodity Market Development Conference
USAID Financial Sector Transformation Project
December 5, 2017 | Kyiv, Ukraine (by teleconference)
By
Stephen Harvey, Senior Adviser
Energy data releases and market responses in the United States

2. Stephen Harvey, Kyiv, Ukraine ,
December 5, 2017 2
EIA collects, analyzes, and disseminates
independent and impartial energy information
to promote sound policymaking, efficient
markets, and public understanding of energy
and its interaction with the economy and the
environment.
EIA is the premier source of U.S. energy
information and, by law, its data, analyses,
and forecasts are independent of approval by
any other officer or employee of the United
States Government.

3. • Weekly changes in storage
balances are a key metric of supply/
demand balance in U.S. natural gas
wholesale markets
• Based on a very large sample—
entire population is also surveyed
monthly so accuracy is high
• Standard graphic (right) emphasizes
seasonal pattern of storage
balances
Stephen Harvey, Kyiv, Ukraine,
December 5, 2017
EIA regularly publishes weekly
U.S. natural gas storage balances
on Thursdays at 10:30 am
Source: http://ir.eia.gov/ngs/ngs.html
3

4. • Data are embargoed and protected
until 10:30 am web release – no
prior access outside EIA
• Trading June 15 for prompt month,
almost 3½% increase within a few
minutes – more than 1½% during
the minute of 10:30 am
Source: NYMEX Henry Hub Natural Gas Near-Month Futures Contract June 15, 2017 via Bloomberg Finance LP (August 9, 2017)
Effects of the release of U.S. storage balances on natural gas
futures markets are immediate
Stephen Harvey, Kyiv, Ukraine,
December 5, 2017 4
2.92
2.94
2.96
2.98
3.00
3.02
3.04
3.06
3.08
8:00AM
8:30AM
9:00AM
9:30AM
10:00AM
10:30AM
11:00AM
11:30AM
12:00PM
12:30PM
1:00PM
1:30PM
2:00PM
2:30PM
3:00PM
Thursday 10:30 am EIA natural gas
data released
Time on June 15, 2017
price of July 2017 NYMEX natural gas futures
dollars per million British thermal units

5. EIA offers a wide variety of energy data and analytic
products to describe U.S. and international energy markets
Stephen Harvey, Kyiv, Ukraine,
December 5, 2017 5

6. For more information
U.S. Energy Information Administration home page | www.eia.gov
Annual Energy Outlook | www.eia.gov/aeo
Short-Term Energy Outlook | www.eia.gov/steo
International Energy Outlook | www.eia.gov/ieo
Monthly Energy Review | www.eia.gov/mer
Today in Energy | www.eia.gov/todayinenergy
State Energy Profiles | www.eia.gov/state
Drilling Productivity Report | www.eia.gov/petroleum/drilling/
International Energy Portal | www.eia.gov/beta/international/?src=home-b1
Stephen Harvey, Kyiv, Ukraine,
December 5, 2017 6