DJ Analysts See 22 Billion-Cubic-Feet Addition to U.S. Natural-Gas Inventories
By Timothy Puko
Analysts expect government data scheduled for release Thursday to show natural-gas inventories last week rose at a
time of year when they usually fall.
The U.S. Energy Information Administration is expected to report that storage levels grew by 22 billion cubic feet of
gas during the week ended March 18, according to the average forecast of 18 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. EDT.
For the March 18 week, the median estimate is for an increase of 21 bcf. Estimates range from an addition of 14 bcf
to an addition of 35 bcf.
The estimate for March 18 compares to 4 bcf drawn from storage for the same week last year and a five-year average
drain of 24 bcf for that week.
If the storage estimate is correct, inventories as of March 18 totaled 2.5 trillion cubic feet, 69% above levels from
a year ago and 52% above the five-year average for the same week.
Write to Timothy Puko at tim.puko@wsj.com
(END) Dow Jones Newswires
March 23, 2016 16:11 ET (20:11 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
032316 20:11 -- GMT
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