DJ Analysts See 138 Billion-Cubic Foot Drop in U.S. Natural-Gas Inventories
By Nicole Friedman
Analysts expect government data scheduled for release on Thursday to show U.S. natural-gas inventories last week
fell by less than average for this time of year.
The U.S. Energy Information Administration is expected to report that gas storage levels fell by 138 billion cubic
feet during the week ended Feb. 19, 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 Feb. 19 week, the median estimate is for a decline of 141 bcf. Estimates range from a draw of 126 bcf to a
draw of 152 bcf. The estimate for Feb. 19 compares to 205 bcf drawn from storage for the same week last year and a
five-year average drain of 144 bcf for that week.
If the storage estimate is correct, inventories as of Feb. 19 totaled 2.568 trillion cubic feet, 30% above levels
from a year ago and 28% above the five-year average for the same week.
Write to Nicole Friedman at nicole.friedman@wsj.com
(END) Dow Jones Newswires
February 24, 2016 14:06 ET (19:06 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
022416 19:06 -- GMT
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-138 withdrawal. i say it will be less than that. who is with me?
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