DJ Analysts See 175 Billion-Cubic Feet Fall in U.S. Natural-Gas Inventories
By Timothy Puko
Analysts expect government data scheduled for release Thursday to show natural-gas inventories last week fell about
on par with the average for this time of year.
The U.S. Energy Information Administration is expected to report that storage levels fell by 175 billion cubic feet
of gas during the week ended Jan. 8, according to the average forecast of 19 analysts, brokers 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. EST.
For the Jan. 8 week, the median estimate is for a decline of 177 bcf. Estimates range from a draw of 192 bcf to a
draw of 150 bcf.
The estimate for Jan. 8 compares to 220 bcf drawn from storage for the same week last year and a five-year average
drain of 178 bcf for that week.
If the storage estimate is correct, inventories as of Jan. 8 totaled 3.6 trillion cubic feet, 24% above levels from a
year ago and 19% above the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
(END) Dow Jones Newswires
January 13, 2016 14:26 ET (19:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
011316 19:26 -- GMT
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