DJ Analysts See 24 Billion-Cubic Feet Decline 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 on par
with their average for this time of year.
The U.S. Energy Information Administration is expected to report that storage levels fell by 24 billion cubic feet of
gas during the week ended March 25, according to the average forecast of 21 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 25 week, the median estimate is for a decrease of 24 bcf. Estimates range from a fall of 33 bcf to a
fall of 16 bcf.
The estimate for March 25 compares to 10 bcf drawn from storage for the same week last year and a five-year average
drain of 22 bcf for that week.
If the storage estimate is correct, inventories as of March 25 totaled 2.5 trillion cubic feet, 68% 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 30, 2016 18:08 ET (22:08 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
033016 22:08 -- GMT
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