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EIA delays US Natural Gas Weekly Storage Report

In a tweet posted on X, the U.S. Energy Information Administration announced that it would delay its weekly report on natural gas storage in the United States.

The report is usually released at 10:30 am EDT (1430 GMT), on Thursdays.

The EIA announced on X, "We will post the release as quickly as possible." We also said that we would give an hour's notice before publication.

The EIA officials were not able to immediately explain why the report on gas was delayed.

Three sources have confirmed that the EIA (the U.S. Government's Energy Statistics arm) is about to lose more than 100 employees following the latest round of resignations offered by President Donald Trump. This puts at risk the world's most closely followed energy reports, they said.

EIA releases weekly, monthly, and annual data about oil and gas production, crude and fuel inventory, and price forecasts. These are all used as indicators by energy companies and traders to determine supply and demand. These reports can have a significant impact on global oil prices.

Analysts estimated that utilities pumped 107 billion cubic foot (bcf), or 107 billion cubic meters, of gas during the week ending April 25.

This compares to an increase of 64 Bcf in the same week of last year, and a 5-year average of 58 Bcf at this time of the year.

The build-up of gas would be near normal for this time of the year if the build-up is correct. (Reporting and editing by Ros Russell. Edited by Scott DiSavino)

(source: Reuters)