DJ Analysts See 78-Billion-Cubic-Feet Rise in U.S. Natural Gas Inventories
By Nicole Friedman
Analysts and traders expect government data scheduled for release on Thursday to show natural-gas inventories rose by
less than typical levels for this time of year.
The U.S. Energy Information Administration is expected to report that 78 billion cubic feet of gas were added to
storage during the week ended June 19, according to the average forecast of 17 analysts and traders surveyed by The
Wall Street Journal.
The EIA is scheduled to release its storage data for the week on Thursday at 10:30 a.m. EDT.
For the June 19 week, the median estimate is for a rise of 79 bcf. Estimates ranged from an increase of 72 bcf to a
rise of 88 bcf.
The estimate for June 19 is below last year's 110-bcf build in storage for the same week, and less than the 86-bcf
five-year average build for that week.
If the storage estimate is correct, inventories as of June 19 will total 2.511 trillion cubic feet, 39% above the
year-ago level and 1.6% above the five-year average for the same week.
Write to Nicole Friedman at nicole.friedman@wsj.com
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(END) Dow Jones Newswires
June 24, 2015 13:41 ET (17:41 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
062415 17:41 -- GMT
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