DJ Analysts See 78 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 78 billion cubic feet of
gas during the week ended May 13, according to the average forecast of 17 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 13 week, the median estimate is for an increase of 78 bcf. Estimates range from a build of 74 bcf to a
gain of 82 bcf.
The estimate for May 13 compares to 98 bcf added to storage for the same week last year and a five-year average build
of 91 bcf for that week.
If the storage estimate is correct, inventories as of May 13 totaled 2.759 trillion cubic feet, 41% above levels from
a year ago and 41% above the five-year average for the same week.
Write to Nicole Friedman at nicole.friedman@wsj.com
(END) Dow Jones Newswires
May 18, 2016 15:21 ET (19:21 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
051816 19:21 -- GMT
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