DJ Analysts See 58 Billion-Cubic Feet Rise in U.S. Natural-Gas Inventories
By Nicole Friedman
Analysts expect government data scheduled for release Thursday to show natural-gas inventories last week rose by
less than average for this time of year.
The U.S. Energy Information Administration is expected to report that storage levels rose by 58 billion cubic feet of
gas during the week ended May 6, according to the average forecast of 16 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. ET.
For the May 6 week, the median estimate is for an increase of 58 bcf. Estimates range from a build of 50 bcf to a
gain of 66 bcf.
The estimate for May 6 compares to 101 bcf added to storage for the same week last year and a five-year average build
of 79 bcf for that week.
If the storage estimate is correct, inventories as of May 6 totaled 2.683 trillion cubic feet, 44% above levels from
a year ago and 44% above the five-year average for the same week.
Write to Nicole Friedman at nicole.friedman@wsj.com
(MORE TO FOLLOW) Dow Jones Newswires
May 11, 2016 14:10 ET (18:10 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
051116 18:10 -- GMT
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