By Timothy Puko
Analysts expect government data scheduled for release Thursday to show natural gas inventories last week rose about on par with the five-year average for that time of the year.
The U.S. Energy Information Administration is expected to report that storage levels grew by 93 billion cubic feet of gas during the week ended June 12, according to the average forecast of 16 analysts 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 12 week, the median estimate is for an addition of 93 bcf. Estimates range from an addition of 87 bcf to an addition of 101 bcf.
The estimate for June 12 compares with 112 bcf added to storage for the same week last year and the 87-bcf five-year average addition for that week.
If the storage estimate is correct, inventories as of June 12 totaled 2.4 trillion cubic feet, 43% above levels from a year ago and 2.1% above the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
June 17, 2015 11:46 ET (15:46 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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