DJ Analysts See 205 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 by a
fifth more than average for this time of year.
The U.S. Energy Information Administration is expected to report that storage levels fell by 205 billion cubic feet
of gas during the week ended Jan. 22, 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. 22 week, the median estimate is for a decline of 208 bcf. Estimates range from a draw of 215 bcf to a
draw of 180 bcf.
The estimate for Jan. 22 compares with 112 bcf drawn from storage for the same week last year and a five-year average
drain of 170 bcf for that week.
If the storage estimate is correct, inventories as of Jan. 22 totaled 3.1 trillion cubic feet, 21% above levels from
a year ago and 17% above the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
(END) Dow Jones Newswires
January 27, 2016 13:47 ET (18:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
012716 18:47 -- GMT
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